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The euro fell close to 1% on Wednesday but has recovered. In the European session, EUR/USD is trading at 1.1430, down 0.09% on the day. Euro, German PMIs contract in April Euro and German Services PMIs disappointed in April, as they were lower than expected and fell into contraction territory. This marked the first decline […]

The post Euro Under Pressure as Services PMIs Slip appeared first on Action Forex.

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23/08/2024

Analysis of GBP/USD: The Pair Approaches 2023 High

Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows: → Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1; → Flash Services PMI: actual = 53.3, forecast = 52.8; previous = 52.5. As SPGlobal reports, the […]
26/01/2024

WTI Oil Futures Challenge 61.8% Fibo

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11/04/2025

Weekly Focus – Trade War Lingers on as 90-Day Halt Offers Limited Relief

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