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Germany data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 1.9%, compared to 2.3% in the previous month and the 2.1% expected. Germany released state-specific data later in the day, and the weak readings put pressure […]

The post Weak German Inflation vs Healthy US Data appeared first on Action Forex.

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15/04/2024

Gold Technical: At Risk of Mean Reversion Corrective Decline After 19% Gain

Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition. The recent rally in Gold (XAU/USD) has been primarily driven by an increase in geopolitical risk premium arising from Middle East tensions. A lack of fresh catalysts after the latest Iran retaliation offensive […]
02/08/2024

USD/JPY Outlook: Falls Further on Weaker than Expected NFP Numbers

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14/03/2024

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