The US Dollar (USD) is struggling to gain strength as it begins the last trading day of the third quarter. Investors are closely watching for inflation data from Germany and speeches from key Federal Reserve officials, including Chairman Jerome Powell, later in the day. On Friday, the USD Index fell to its lowest point in […]
The post GBPUSD & EURUSD Outlook appeared first on Action Forex.
ECB Governing Council member Olli Rehn suggested today that slowing inflation and weaker growth prospects in Eurozone has provided “more grounds” for another rate cut at the October meeting. Additionally, Rehn pointed to the “prevailing Read more…
Eurozone CPI fell from 2.2% yoy to 1.8% yoy in September, below ECB’s 2% target for the first time since 2021. CPI core (ex-energy, food, alcohol & tobacco), ticked down from 2.8% yoy to 2.7% Read more…
UK manufacturing sector expanded at a slower pace in September, with the PMI finalizing at 51.5, down from 52.5 in August. According to Rob Dobson, Director at S&P Global Market Intelligence, the sector continues to Read more…