Eurozone CPI accelerated to 5.1% yoy in January, up from December 5.0% yoy, well above expectation of slowing to 4.3% yoy. That’s also another record high. CPI core dropped from 2.6% yoy to 2.3% yoy, but still beat expectation of 1.9% yoy. Energy is expected to have the highest annual rate (28.6%, compared with 25.9% […]
The post Eurozone CPI accelerated to new record 5.1% yoy in Jan appeared first on Action Forex.
Retail sales fell 0.1% in the September quarter, a smaller drop than we expected. Retail spending remains soft, but is likely to firm over the coming months. September quarter retail sales (volume of good sold): Read more…
Key Highlights EUR/USD started another decline and traded below the 1.0500 support. A major bearish trend line is forming with resistance at 1.0485 on the 4-hour chart. Bitcoin rallied further and traded close to the Read more…
GBPUSD broke support zone Likely to fall to support level 1.2465 GBPUSD currency pair recently broke the support zone located between the support level 1.2620 (former monthly low from June) and the support trendline of Read more…