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Eurozone inflation expected to decline to 2.7% ECB’s Lagarde delivers remarks later today The euro is in negative territory in Thursday trade. In the European session, EUR/USD is trading at 1.0940, down 0.27%. Eurozone inflation expected to ease to 2.7% Germany’s inflation rate declined sharply in November and the eurozone is up next, with the […]

The post EUR/USD Drops Ahead of Eurozone CPI appeared first on Action Forex.

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07/12/2023

Sunset Market Commentary

Markets A fairly thin eco calendar and blackout-periods for major central bankers made this morning’s Japanese moves the main talking point. Comments by deputy governor Himino and governor Ueda suggest a sense of urgency within the BoJ to normalize policy rates before the window of opportunity closes. November Tokyo inflation figures suggest a faster return […]
12/12/2023

Nikkei Strong Reaction Higher From The Equal Legs Area

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Nikkei. We presented to members at the elliottwave-forecast. In which, the rally from 04 October 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we […]
10/12/2023

Forex and Cryptocurrencies

EUR/USD: Continuation of the Rate War The labour market and inflation: these are the factors that Central Banks closely monitor when making decisions regarding monetary policy and interest rates. It is sufficient to recall the significant shift that occurred after the publication of October’s inflation data in the United States. In November, the dollar weakened […]