The Euro weakened broadly after June inflation data came in softer than expected, reinforcing the view that the European Central Bank has won an important battle against the recent energy-driven inflation shock. Headline inflation slowed from 3.2% to 2.8%, while core inflation eased from 2.6% to 2.4%, both undershooting market expectations. The figures suggest the […]
The post Euro Stumbles as Cooling Inflation Shifts Focus From ECB Hikes to Future Rate Cuts appeared first on ActionForex.
Gold is the asset people reach for when they stop trusting everything else. It does not pay a dividend, it does not report earnings, and it does not promise to grow. Its entire pitch is Read more…
Gold price jumped on Wednesday (up 2.2% until early US session) following another failure at strong $4000 support (metal failed to register clear break below this level in six consecutive attempts. Weaker than expected US Read more…
Brent price fell on Wednesday, after holding within narrow range in past two days, on track for eventual close below Fibo support at $73.04 (76.4% retracement of $58.70/$119.47 advance), after four consecutive failures at this Read more…