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Markets US markets were closed for Thanksgiving yesterday, leaving European markets looking for their own dynamics. National inflation data from Germany (HICP -0.7% M/M and 2.4% Y/Y; unchanged October) and Spain (0% M/M and 2.4% Y/Y from 1.8%, core 2.4% from 2.5%) overall printed on the softer side of expectations, suggesting (modest) downside risks for […]

The post November Tokyo Inflation Boosts Odds that BOJ Will Conduct Another Hike at December Meeting appeared first on Action Forex.

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08/07/2024

France Election Outcome Mixed Bag for Euro

Markets The US payrolls added to recent evidence that the US labour market might be cooling. Headline June Job growth still printed at a solid 206k, but with a 111k downward revision for the previous two months. Wage growth (AHE) eased as expected (0.3% M/M and 3.9 % Y/Y from 4.1%). The jobless rate rose […]
11/12/2024

Between $95K and $100K, Bitcoin Changes Long-Term Holders

Market Picture The cryptocurrency market remained roughly the same as the day before at $3.45 trillion, down 7% from its peak levels at the start of the week. The sentiment index rolled back to 74, in ‘greed’ territory. The altcoin season index has pulled back to 63 from a peak of 87 a week earlier. […]
22/05/2024

New Zealand Dollar Climbs after Hawkish RBNZ Announcement

The New Zealand dollar has pushed higher on Wednesday. NZD/USD is up 0.54%, trading at 0.6124 in the European session at the time of writing. The New Zealand dollar rose as high as 0.6152 (0.80%) in the Asian session after the RBNZ meeting but has pared much of these gains. RBNZ holds rates but says […]