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In focus today In the euro area, focus turns to the initial wage growth data for Q1, specifically the ECB’s indicator of negotiated wages. We anticipate a significant decline in wage growth from the 4.1% y/y recorded in Q4. This is attributed to reduced actual pressures and the base effect from substantial inflation-compensating one-offs provided […]

The post Euro Area PMIs Falter, as US Show Robust Growth appeared first on Action Forex.

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29/04/2025

EUR/USD Turns Neutral as a Flood of Data Awaits

EURUSD remains range-bound; struggles to close above 1.1415. Technical signals have weakened, but some optimism persists. EURUSD opened the week with moderate gains, as bullish momentum lacked sufficient follow-through to push the price above the upper boundary of the bullish channel near 1.1415. With the RSI turning lower after peaking in overbought territory and the […]
30/01/2024

EURGBP Hits the Lower Bound of a Broader Range

EURGBP slides but finds support at the lower end of a range A break below that support may turn the outlook bearish Both the MACD and the RSI detect downside momentum EURGBP entered a sliding mode on December 28, after hitting resistance slightly above 0.8700, the upper boundary of the broader sideways range that’s been […]
28/02/2024

NZDUSD Drops Aggressively, Prepares to Test a Key Area

NZDUSD is lower today after the RBNZ’s decision to keep rates unchanged It trades a tad above a very busy support area Momentum indicators are possibly preparing to send bearish signals NZDUSD is recording its third consecutive red candle, crashing lower after the RBNZ’s decision disappointed certain market analysts expecting a rate hike earlier today. […]