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In focus today Today’s focus turns to euro area PMI data for May. Recent manufacturing data has exceeded expectations, showing minimal trade uncertainty. May’s figures might reveal if recent growth was driven by front-loading exports to the US, potentially weakening manufacturing PMI. Meanwhile, services sector growth declined, with April’s index at 50.1, a concern as […]

The post Euro Area, US PMIs Resilience Tested Amid Trade Uncertainty appeared first on Action Forex.

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08/10/2024

Gold Bulls Take a Rest After Rallying

Gold’s pace moderates within triangle prior to Thursday’s CPI inflation data Technical signals favor the bears, but the trend may remain positive Gold held within the range of 2,624-2,670 despite the upbeat US jobs data last Friday, forming a symmetrical neutral triangle at the top of its broad uptrend. Falling technical indicators suggest that buying sentiment is […]
19/11/2024

San Francisco Fed Economists Said US Labor Market Still Adding to Inflationary Pressures

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07/11/2024

Bitcoin Price Soars To Record Levels Amid Trump’s Presidential Win

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