Logo-color Logo-white

Further decline in headline CPI is expected in June Labour market is also showing signs of slowdown Will Thursday’s report (12:30 GMT) convince the Fed it’s time to cut? Ahead of that, Powell testifies on Tuesday (14:00 GMT) Fed still not convinced After several months of upside surprises earlier in the year, CPI inflation finally […]

The post Could US CPI Report Finally Bring About a Fed Pivot? appeared first on Action Forex.

previous

EUR/USD Gains Ground Despite French Election Shocker

next

USDJPY Finds Strong Support at Key Fibo Zone

Read More

15/04/2024

USDCAD Wave Analysis

USDCAD broke key resistance level 1.3625 Likely to rise to resistance level 1.3860 USDCAD rising strongly after the earlier breakout of the key resistance level 1.3625 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the downward ABC correction (2) from November. The breakout of the resistance level 1.3625 […]
09/04/2024

Yen Weakens Amid Intervention Concerns and Interest Rate Differentials

The Japanese yen is experiencing a notable decline against the US dollar, with the USD/JPY pair currently hovering around 151.88 on Tuesday. Despite the US dollar’s instability, driven primarily by fluctuations in Treasury bond yields, the yen faces significant downward pressure. Market participants remain cautious, particularly as the USD/JPY pair approaches levels that had previously […]
26/07/2024

Rotation Continues, But Europe Doesn’t Benefit

We went from ‘the Federal Reserve (Fed) could hardly cut in September’ to ‘it would be a mistake not to cut in July or September’ (source: Mohammad El Erian’s Linkedin feed) in a blink of an eye. Everything seems upside down since last week. The Big Tech stocks that have been rallying relentlessly since the […]