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Eurozone inflation may have exceeded expectations, but it has slowed from the previous month. This allows the European Central Bank (ECB) to consider cutting its key interest rate later this week, though a more cautious approach may be required moving forward. The headline CPI declined to 2.4%, down from a peak of 2.5%, yet remains […]

The post Eurozone Inflation Will Not Prevent ECB Easing appeared first on Action Forex.

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09/07/2024

DAX Elliott Wave: Buying the Dips at the Blue Box Area

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. As our members know DAX is showing impulsive bullish sequences and we are keep favoring the long side. Recently we got a 3 waves pull back that has […]
01/02/2025

The Weekly Bottom Line: Tariffying

Canadian Highlights President Trump continues to threaten Canada with a 25% tariff on its U.S. exports as early as Saturday. A prolonged U.S.-Canada trade skirmish could dampen growth significantly and lift inflation. The Bank of Canada cut its policy rate by 25 basis points this week, bringing it to 3.0%. A trade battle would likely […]
25/06/2024

Spotlight on US Consumer Sentiment

In focus today Today’s schedule is light in terms of data releases. In the US we get the Conference Board Consumer Confidence numbers for June at 16.00 CEST. A Reuters poll has consensus expecting 100.0, slightly down from 102.0 in May. In Sweden, May PPI is released at 08.00 CEST. Its development has been normalized […]