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On Thursday, S&P Global released flash estimates for the October PMIs across major regions. The significance of this data increases over time, and in Europe, it often influences market trends. The European data was mixed, but the currency market focused on stronger-than-expected numbers from Germany. In France, the services sector is experiencing a deeper decline […]

The post Eurozone PMI Temporarily Helps the Euro but Is Unlikely to Change the Trend appeared first on Action Forex.

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17/12/2024

Pound Steady After Hot UK Wage Growth, CPI Next

The British pound is showing little movement on Tuesday, after jumping 0.57% a day earlier. In the European session, GBP/USD is trading at 1.2698, up 0.13% on the day. UK wage growth higher than expected UK wage growth excluding bonuses climbed 5.2% y/y in the three months to October, up from an upwardly revised 4.4% […]
08/12/2023

AUDUSD Ends Another Year With Negative Mode

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27/06/2024

USDCHF Wave Analysis

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