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The market mood got a further boost yesterday after the latest data release from he US hinted that the economy is not doing that bad, after all. The retail sales rose 1% in July, more than expected by analysts, the initial jobless claims rose less than expected last week while NY Empire State and Philadelphia […]

The post Easing Inflation Worries Despite Robust Sales Data appeared first on Action Forex.

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20/01/2024

Week Ahead – ECB and BoJ Meetings in the Spotlight

Japanese yen loses ground ahead of BoJ decision on Tuesday ECB meets on Thursday, will it push back against rate cut bets? Bank of Canada decides too, while the US releases GDP stats BoJ unlikely to rescue battered yen The Japanese yen started the new year on the wrong foot, losing 5% of its value […]
15/05/2024

Morning Report

Key themes: Jerome Powell shared the limelight with the US producer price inflation report overnight. An upside headline surprise in producer price inflation was tempered by a sizeable downside revision to the previous month and more constructive underlying detail. Overall the data was supportive of further disinflation and did little to move the dial on expectations […]
18/07/2024

EURUSD Reaches the Midpoint of a Long-Term Downtrend

EURUSD rally slows down near 4-month high Gets bearish vibes, but positive trend is still alive above 1.0900 ECB to hold interest rates steady at 12:15 GMT; Will it signal a second rate cut? EURUSD took a breather after heightened expectations of a Fed rate cut lifted the pair as high as 1.0947 on Wednesday. The price […]