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In focus today Today, focus will be on inflation data coming out of Germany and France, which should indicate the direction of the euro area inflation released tomorrow. In the US, we will get a new round of labour market data, as the ADP employment report for December and initial jobless claims are scheduled for […]

The post Will European Inflation Prints Support Rate Cut Narrative? appeared first on Action Forex.

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EUR/USD Price Analysis: Attempts to Retrace its Recent Losses, Trades Near 1.0920

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20/07/2024

The Weekly Bottom Line: Nearing the Pivot Point

U.S. Highlights After an eerily calm few months, a fresh dose of volatility descended across global financial markets this week. Top Fed officials speaking this week noted that they are getting ‘closer’ to cutting interest rates. Financial markets have fully priced the first cut to come in September. Retail sales and industrial production data for […]
19/08/2024

Could Eurozone PMI Surveys Cement September ECB Rate Cut?

Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB members are probably enjoying their hard-earned holiday break, the […]
11/03/2024

Ethereum (ETHUSD) : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of ETHUSD published in members area of the website. As our members know Ethereum has given us 3 waves pull back recently that found buyers right at the Blue Box ( Buying Area). We have been […]