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Middle East ceasefire and Fed shenanigans weigh on the Dollar. ISM PMIs and Nonfarm payrolls to impact Fed rate cut bets. Eurozone inflation and ECB forum to be closely monitored by euro traders. China PMIs, Japan’s Tankan Survey and Swiss CPI also in focus. Israel-Iran ceasefire and Fed independence risks The US dollar underperformed all […]

The post Week Ahead – Markets Eye Nonfarm Payrolls as Trump’s Pressure on Fed Mounts appeared first on Action Forex.

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Franc Appreciates Despite Risk-On Mood

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20/11/2024

UK Headline Inflation Accelerated Slightly More than Expected

Markets Markets were on an emotional rollercoaster yesterday. The first Ukrainian use of US-made long range ATACMS missiles pushed Russian President Putin into signing off a revised nuclear doctrine. It now includes a possibility of a nuclear response to aggression by non-nuclear states that are supported by other nuclear powers. European stocks lost around 1.5% […]
09/09/2024

EUR/CHF: Another Potential Downleg May Intensify After Weak China Inflation

EUR/CHF has continued to exhibit a high direct correlation with France CAC and Germany DAX. China’s core inflation and producer prices for August have indicated a persistent trend of lackluster internal demand. Sluggish China’s consumer demand may hurt the profits of key European makers of luxury goods, cars, and machinery. Watch the key intermediate support […]
23/10/2024

GBPUSD: One More Burst of Strength?

GBPUSD prints new lower low, reaches long-term support trendline Technical signals remain discouraging; more sellers wait below 1.2950 GBPUSD is currently in its fourth consecutive week of losses, gradually slipping below the 1.3000 mark for the first time since August. The pair recently hit a new lower low of 1.2943, with technical indicators reflecting persisting […]