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Markets Yesterday, first November EMU inflation data from Germany and Spain come out in line with market momentum. Spain HICP inflation declined 0.6% M/M easing the Y/Y measure from 3.5% to 3.2% (3.7% expected). Core inflation also declined substantially (4.5% from 5.2%). Similar story in Germany as HICP inflation printed at -0.7% M/M and 2.3% […]

The post Interesting to See Whether EUR/USD Can Regain 1.10 Barrier appeared first on Action Forex.

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03/05/2024

EURJPY Wave Analysis

EURJPY under strong bearish pressure Likely to fall to support level 163.10 EURJPY under the strong bearish pressure after the price reversed down from the major multi-year resistance level 170.00 (which started the sharp weekly downtrend back in 2007). The resistance level 170.00 was strengthened by the upper daily Bollinger Band and by the resistance […]
10/06/2024

Strong US Labour Market Report Sends Yields Sharply Higher

In focus today Today, in the euro area, we receive the Sentix investor confidence indicator which will give us the first estimate of sentiment in June. We expect little to no market reaction to the European Parliament elections this past weekend, despite its status as a significant political event. Historical data suggests that these elections […]
12/01/2024

Weekly Focus – Taiwan Election Key for Geopolitical Tensions

The main release this week was US inflation, which surprised slightly to the upside with core inflation coming in at 3.9% y/y (consensus 3.8% y/y) as service inflation is still proving sticky. It contrasts with the signals in the euro area where we have seen a clearer decline in core inflation, see Global Inflation Watch […]