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Preliminary PMI estimates for the entire eurozone exceeded expectations, but this did not help the single currency grow. On Tuesday, the rise to 1.18 was actively sold off. French businesses reacted negatively to the political turmoil caused by budget disputes, which also affected tariffs. Both the service sector and manufacturing performed below expectations and showed […]

The post Euro Area Business Activity Above Expected, But Too Modest for Euro to Break Through appeared first on Action Forex.

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08/12/2023

USD/JPY Technical: Potential Counter-trend Rebound Within Medium-Term Downtrend

Recent bizarre hawkish rhetoric from BoJ top officials ahead of Japan’s 2024 nationwide spring wage negotiations sparked a further rally in JPY. Increasing expectations of a BoJ pivot to scrap its decade-long plus of short-term negative interest rate policy to come as early as this month, 19 December monetary policy meeting. The interest rates swap […]
18/12/2024

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