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It’s been two weeks since I left, and in that time, the markets plunged into chaos. Now that I’m back, things have finally returned to calm waters. Quick thoughts on the August meltdown The fact that the Japanese yen saw a heavy post-Bank of Japan (BoJ) reaction is of course due to the accumulation of […]

The post US CPI Backs Fed Rate Cut Expectations appeared first on Action Forex.

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AUDUSD Rebound Gets Blocked by 50-Day SMA

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10/04/2024

EUR/USD Holds Steady Ahead of Key Economic Updates

The EUR/USD pair is maintaining a neutral stance, trading around 1.0851 on Wednesday, as the market anticipates crucial updates, including the US inflation data for March and the outcome of the European Central Bank (ECB) meeting on Thursday. Given the significant events on the horizon, investors are exhibiting caution. The US inflation rate for March […]
04/01/2024

WTI Oil Futures Battle With Descending Trendline

WTI futures attempt to break above crucial trendline  But their advances are constantly held down  Momentum indicators suggest a cautiously positive tone WTI oil futures (February delivery) have been on the retreat since their October peak of 89.85, breaking below consecutive support zones. Although the price has been trying to recover some ground in the last few sessions, the downward […]
26/03/2024

XAU/USD: Gold Retests $2200 Barrier on Renewed Safe-haven Demand

Gold price jumped on Tuesday and retested psychological $2200 barrier, inflated by weaker dollar on improved sentiment about Fed rate cuts and persisting geopolitical risks. Market awaits release of US inflation data, due later this week, which could bring fresh hints about timing of the start of rate cuts. Fresh strength attacks the ceiling of […]