Logo-color Logo-white

ECB Executive Board Member Isabel Schnabel acknowledged that the consensus that the path to disinflation is proving to be “quite bumpy,” especially as the process is in its “last mile”. The “biggest concern” is the persistent inflation within the services sector, which remains stubbornly high. Schnabel emphasized the importance of closely monitoring unit labor costs. […]

The post ECB’s Schnabel identifies services inflation as primary concern appeared first on Action Forex.

previous

AUDUSD Rises Near Short-Term SMAs

next

Nasdaq 100 Might Retreat to 15800

Read More

29/04/2024

USDJPY Wave Analysis

USDJPY broke key resistance level 155.00 Likely to rise to resistance level 160.00 USDJPY currency pair recently broke the key resistance level 155.00, which led to the acceleration of the active impulse waves 3 and (3). The pair earlier broke the major resistance level 151.25 (which has been reversing the pair from 2022) – which […]
11/04/2024

Cable’s Sharp Decline after Higher Inflation in the US

In a significant turn of events, the GBP/USD pair, often referred to as ‘Cable’, reversed sharply to the downside in the last 24 hours. This movement was characterized by the price decisively breaking through the corrective channel’s support line, signaling a strong bearish momentum among traders. The current landscape suggests a bearish impulse in progress, […]
28/03/2024

WTI Oil Futures in Fierce Battle With 50.0% Fibo

WTI futures post an almost 5-month peak But fail to advance further and hover around 50.0% Fibo Oscillators suggest that the bulls retain the upper hand WTI oil futures (May delivery) have been in a steady recovery from their December bottom of 67.97, posting an almost five-month peak of 83.10 last week. However, the advance seems to be on hold for now […]