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EUR/USD stays calm after pulling back from recent highs as US Dollar improves. Euro advanced by 3.16% against the Greenback in the year 2023. DXY may be retested on the market’s bets on the Fed’s easing in early 2024. EUR/USD hovers around 1.1030 during the Asian session on Tuesday post pulling back from the recent […]

The post EUR/USD Stays Around 1.1030, Focus on US ISM Manufacturing PMI, FOMC Minutes appeared first on Action Forex.

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08/12/2023

Euro Flat as German Inflation Declines

German inflation confirmed at -0.4% US nonfarm payrolls project to accelerate to 180,000 The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0774, down 0.17%. The euro has struggled lately against the US dollar and has slipped 2.2% since November 28. German inflation confirmed at -0.4% Germany’s economy is […]
19/12/2023

USD/JPY and NIKKEI React to Bank of Japan Decision

This morning, the Bank of Japan decided to leave interest rates unchanged at -0.10%. Its head, Kazuo Ueda, stated that: → the chances that the current ultra-loose monetary policy will change in January are very small; → further decisions of the Bank of Japan will be based on incoming economic information. Thus, rumors that the […]
24/04/2024

US PMIs, AUD Inflation and Tesla Impact Markets

In focus today In Germany we await Ifo data for April. The current assessment of the economy remains weak, but expectations have risen lately so it will be important to follow if we finally see a turn in the assessment of the current activity. Economic and market news What happened overnight In Australia, the Q1 […]