News

There are still no Federal data releases due to US government shutdown. This puts emphasis on private sector data and Fedspeaks. DXY last seen at 98.43 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Gold (XAU/USD) continues scaling record highs through the first half of the European session on Monday and seems poised to appreciate further amid a supportive fundamental backdrop.

Investor sentiment in the Eurozone improved in October, with Sentix Investor Confidence Index rising from -9.2 to -5.4, topping forecasts of -7.7. Current Situation Index advanced from -18.8 to -16.0, while Expectations climbed sharply from 0.8 to 5.8. Sentix said the latest data initially looks like the long-awaited economic turning point, with strong improvements seen […]

The post Eurozone Sentix rises to -5.4, mood brightens from exaggerated pessimism appeared first on Action Forex.

Tesla posted a teaser video on X sparking speculation that the company could finally be about to launch the next-generation Roadster or a mass market model.

The Eurozone’s Retail Sales rose 1% year-over-year in August, following a revised 2.1% increase in July, according to official data released by Eurostat on Monday.

Dow Jones futures added 0.13% to trade around 47,100 during European hours on Monday, ahead of the regular session opening in the United States (US). The S&P 500 futures gain 0.27% to remain above 6,750, while Nasdaq 100 futures rise 0.45% to trade around 25,100.

Eurozone Retail Sales (MoM) in line with forecasts (0.1%) in August

Eurozone Retail Sales (YoY) dipped from previous 2.2% to 1% in August

ECB Chief Economist Philip Lane reiterated in a speech today that monetary policy will remain data-driven and meeting-by-meeting, with “no pre-commitment to a particular rate path.” He emphasized said the ECB’s policy decisions will hinge not only on the baseline inflation forecast but also on “shifts in the risk distribution”. The downside inflation risks outlined […]

The post ECB’s Lane: No pre-commitment on rate path, policy to stay data-driven appeared first on Action Forex.

The Euro is plunging across the board on Monday, following news that France’s Prime Minister, Sébastien Lecornu, resigned. EUR/USD has sliced through the 1.1700 area and is approaching one-month lows at 1.1645 at the time of writing.