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According to the Eurostat data released today: → Core CPI Flash Estimate (YoY): actual = 2.7%, expected = 2.7%, previous = 2.8%; → CPI Flash Estimate (YoY): actual = 1.8%, expected = 1.8%, previous = 2.2%. This news, coupled with yesterday’s statements from the Fed Chair, led to the EUR/USD rate dropping by over 1% […]

The post EUR/USD Rate Accelerates Decline Following European Inflation News appeared first on Action Forex.

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21/01/2024

Weekly Economic & Financial Commentary: Consumers Just Keep Humming

Summary United States: Consumers Just Keep Humming As market participants continue to digest last week’s slightly hotter-than-expected consumer price data, activity data released this week show underlying demand was still humming along in the final stretch of 2023. Retail sales surprised to the upside and industrial production rose in December. Next week: GDP (Thu.), New […]
14/05/2024

Gold Price Could Resume Upside, This Support Is The Key

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12/08/2024

Research Japan: Hawkish BoJ Keen on More Hikes

The BoJ has taken up a much more aggressive strategy and we no longer expect them to wait for all the pieces to fall in place before tightening policies further. We expect the BoJ will hike its policy rate to 1% within the coming 12 months. The rate hike on 31 July was pivotal for […]