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Europe’s biggest company revealed its results a day earlier – by accident – and the results were not good at all. ASML booked about half of the orders pencilled in by analysts last quarter as demand outside AI continued to struggle. The company also cut its 2025 forecast and more details are to come, as […]

The post British Inflation Dips to 1.7% in September appeared first on Action Forex.

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12/08/2024

British Pound Calm ahead of UK Jobs Report

The British pound is drifting on Monday. GBP/USD is trading at 1.2768 early in the North American session, up 0.08% on the day. Wage growth expected to slide The UK releases the employment report for the three months to June and we could see signs of a cooling labour market. Annualized average earnings including bonuses, […]
21/05/2024

How Will Eurozone PMIs Impact ECB Expectations?

Eurozone economy has been improving in 2024 But investors still anticipate an ECB rate cut in June The flash PMIs could impact bets beyond that meeting The data comes out on Thursday at 08:00 GMT ECB signals confidence in lowering rates At their latest gathering, ECB officials decided to keep interest rates unchanged as expected […]
13/06/2024

WTI Crude Oil Fails to Improve Upside Move

WTI crude finds tough obstacle at 200-day SMA Technical oscillators head south WTI crude oil returned above the medium-term ascending trend line, hitting the strong 200-day simple moving average (SMA) at 79.36 after bouncing off the four-month low of 72.46. The technical oscillators are indicating a negative retracement in the short-term view. The RSI is […]