Eurozone CPI was finalized at 2.0% yoy in June, slightly higher than May’s 1.9% yoy. Core CPI (ex energy, food, alcohol & tobacco) held steady at 2.3% for the second straight month. Services contributed the bulk of annual Eurozone inflation (+1.51 percentage points), followed by food, alcohol and tobacco (+0.59 pp). Energy continued to exert […]
The post Eurozone CPI finalized at 2% in June, services remain main driver appeared first on Action Forex.
Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile, escalating US–Iran tensions have pushed Read more…
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…