ECB chief economist Philip Lane said overnight that while headline inflation has hovered near target for most of the year, the picture is still flattered by energy deflation. Non-energy inflation remains “well above 2%,” and Lane stressed that a further slowdown is required to ensure inflation is sustainably anchored at target. Nevertheless, he added “We’re […]
The post ECB’s Lane says more cooling needed in core inflation appeared first on Action Forex.
Gold prices are currently maintaining a robust uptrend and trading near two-week highs, around the $4150/oz handle. The precious metal is poised to log its fourth consecutive monthly gain, building on a record-setting surge experienced in October that briefly targeted the $4,400 area. The continuation of the bullish rally could be a sign that the […]
The post Gold (XAU/USD) Price Up 2.5% for the Week. Is a Break of $4200/oz a Certainty? appeared first on Action Forex.
Gold prices are currently maintaining a robust uptrend and trading near two-week highs, around the $4150/oz handle. The precious metal is poised to log its fourth consecutive monthly gain, building on a record-setting surge experienced in October that briefly targeted the $4,400 area. The continuation of the bullish rally could be a sign that the […]
The post Gold (XAU/USD) Price Up 2.5% for the Week. Is a Break of $4200/oz a Certainty? appeared first on Action Forex.
GBP/JPY is a very popular pair in Forex trading as it captures both risk-on/risk-off dynamics, geographic trends, and rate differential trends. The Yen and Sterling have been subject to some strong dynamics over the past month. In Japan, markets are still concerned with the reckless government spending which the Japanese Prime Minister tried to defend […]
The post GBP/JPY Nears 15-Month Peak in Rally ; Intervention from Bank of Japan? appeared first on Action Forex.
GBP/JPY is a very popular pair in Forex trading as it captures both risk-on/risk-off dynamics, geographic trends, and rate differential trends. The Yen and Sterling have been subject to some strong dynamics over the past month. In Japan, markets are still concerned with the reckless government spending which the Japanese Prime Minister tried to defend […]
The post GBP/JPY Nears 15-Month Peak in Rally ; Intervention from Bank of Japan? appeared first on Action Forex.
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