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Market picture The German Producer Price Index fell more than expected, preventing the EURUSD from extending the rebound seen at the end of last week. Producer prices in Europe’s largest economy fell 0.5% in September (-0.2% expected), accelerating the annual decline to 1.4% (-0.8% expected) from 0.8% in the previous month. The negative annual growth […]

The post Weak German PPI Send the Euro Back Down appeared first on Action Forex.

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28/03/2024

Something Must Give

European stocks renewed record on Wednesday, the US dollar consolidated gains and the S&P500 stocks got a late-session boost. Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat. Nvidia fell 2.5% yesterday. […]
26/06/2024

AUD/USD Surged, Buoyed by RBA Confidence and Inflation Ggrowth

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25/03/2024

Week Ahead – Markets Quiet Down After Central Bank Frenzy

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