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Markets EMU and US data on Friday provided conflicting evidence for global interest rate markets. As hinted by the national data on Thursday, the Flash February EMU CPI doesn’t allow the ECB to feel comfortable that price growth is on track to sustainably return to the 2.0% target anytime soon. Due to favourable base effects, […]

The post Some Key Topics Scheduled Later This Week appeared first on Action Forex.

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Euro Area Inflation Fell Less Than Expected

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18/04/2024

Elliott Wave Theory Suggests EURJPY Remains Bullish

Short term Elliott Wave view in EURJPY suggests that rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59 and wave ((x)) ended at 165.17. Down from there, wave (w) ended at 163.85 and wave (x) ended at 164.69. […]
04/09/2024

Bad News is Bad News

September began on an ugly note, to say the least. The US equities tumbled after the latest ISM data showed a fifth month of contraction in the US manufacturing, and at accelerated pace. The latter revived the recession worries ahead of this week’s critical US jobs data, and sent the S&P500 more than 2% down. […]
13/11/2024

Is Trump’s Election the End of Gold’s Bull Run?

Trump’s election invites gold bears into the game Bets of slower rate cuts by the Fed may be the main driver PBoC pauses purchases, but strategy likely not changed Speculation around geopolitics may also be weighing Trump wins but gold loses After hitting a record high of around $2,790 on October 30, gold entered a […]