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Headline CPI inflation eased in September to 1.6% year-on-year (y/y), below expectations for a 1.8% y/y print and less than the 2.0% y/y reading from August. The deceleration was led by gasoline, which was down 10.7% y/y and 7.1% in September alone. Fears over weakening global economic growth have pulled down oil prices, which has […]

The post Canadian Inflation Falls Further Below BoC’s Target appeared first on Action Forex.

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01/04/2024

Pound’s Pause Before Dive

The British Pound has spent the past week in a tight 500 pip range but has mostly traded around the 1.2620 level. Attempts by the bears to send the GBPUSD into a downtrend like the EURUSD have so far failed, with the pair finding buyers on dips towards the 200-day moving average (now at 1.2590) […]
27/05/2024

German Business Climate Worse Than Expected; Euro/Pound Under Pressure

The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on average, were expecting a further increase to confirm the more positive PMI reading released last […]
19/06/2024

Investors’ Focus Will be on Europe

In focus today In the euro area, the EU commission will reveal against which countries it recommends opening an excessive deficit procedure (EDF) due to breaches of the EU fiscal rules. The Commission will most likely recommend opening an EDP against France, which is to be expected due to France’s public finances. In the UK, […]