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Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a […]

The post GBP/USD Declines Following UK GDP Data Release appeared first on Action Forex.

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30/03/2024

Weekly Economic & Financial Commentary: The First of Many Ticks Higher in the Longer-Run Median Dot

Summary United States: Steady, As She Goes This week’s economic data largely reinforced existing economic growth patterns. Consumer momentum remains largely intact, inflation continues to inch back down, albeit at a slower pace, and rate-sensitive sectors stayed in a holding pattern. Next week: ISM Indices (Mon. & Wed.), Trade Balance (Thu.), Employment (Fri.) International: Global […]
30/11/2023

Focus Turns to EA and US Inflation

Market movers today Today we get the HICP inflation numbers for the euro area. After yesterday’s lower-than-expected Spanish and German prints, consensus expects the euro area figure at 2.5% y/y. At 14:30 FED’s preferred inflation gauge is released. Consensus expects the PCE core to slow down to 0.2% m/m SA, mirroring a similar decline in […]
17/05/2024

After Surpassing $30, Silver May Aim for $50

Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling intensification from that level for the first time in four years and has pulled back to $29.40 at the time of writing. Silver does not look overheated, as it is only now entering overbought territory on the RSI on the […]