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Is a March rate cut from the ECB still possible? UK surveys eyed as the economy falls into recession Could eurozone inflation figures reignite the rate cut debate next month? March has widely been written off as the likely moment that some major central banks will start cutting interest rates but data next week may […]

The post Week Ahead Europe – Eurozone Inflation and PMI Surveys Eyed appeared first on Action Forex.

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11/01/2024

US: Core Inflation Inches Down to 3.9% in December 

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in December, ahead of the consensus forecast calling for a more modest gain of 0.1% m/m. CPI rose 3.4% on a year-over-year basis – up from 3.1% in November. After having declined in each of the two months prior, energy prices inched higher by 0.4% m/m […]
17/12/2023

2024 International Economic Outlook: Weathering the Storm

Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be restrained by a U.S. economy likely to experience […]
18/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits an overall bullish momentum. However, there is a potential scenario for price to drop towards the 1st support before resuming the uptrend. The 1st support level at 103.06 is identified as an overlap support that aligns close to the 23.60% Fibonacci retracement level. Further below, the […]