EUR/USD – 15.11.2024 – Orbex Forex Trading Blog

Campaigners against the UK’s controversial drug pricing deal with Donald Trump are threatening the government with legal action unless it scraps a key element of the plan. They claim that a change to how drug treatments are approved for use by the NHS, which could lead to it paying even higher prices for them, amounts…

Investing.com– Most Asian currencies strengthened on Friday as positive economic readings from the U.S. and China helped soothe concerns over a recession, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength on better-than-expected labor market data, although any major advances in the greenback were quelled by persistent bets…

In July, the eurozone’s consumer price inflation held steady at the European Central Bank’s (ECB) 2% target. This figure, slightly exceeding expectations, lessened the immediate need for policymakers to further lower interest rates, especially after the ECB concluded its easing measures in the previous month. The Consumer Price Index (CPI) experienced an annual increase of…

Today, Germany’s PMI data was released, according to Forex Factory:→ German Flash Manufacturing PMI: actual = 42.6, expected = 40.7, previous = 40.6;→ German Flash Services PMI: actual = 51.4, expected = 50.6, previous = 50.6. The DAX 40 index (Germany 40 mini on FXOpen) showed a slight intraday increase, which could be viewed positively,…

Investing.com – European stock markets rose Thursday, spurred on by gains in Asia overnight on optimism over the likelihood of additional Chinese stimulus.  At 03:05 ET (07:05 GMT), the in Germany traded 1.1% higher, the in France rose 1.2% and the in the U.K. climbed 0.6%. More Chinese stimulus coming? The major European indices traded…

Silver (XAG/USD) price turns positive on Friday after posting back-to-back bearish sessions, as heightened tensions in the Middle East decreased the white metal’s safe-haven appeal, prompting traders to turn to the US Dollar (USD). Nevertheless, buyers emerged, pushing XAG/USD higher and driving it near the $70.00 figure, up 2.70%. XAG/USD Price Forecast: Technical Outlook Silver…