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EURUSD returns to positive trend after Powell confirms dovish policy adjustment Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274 EURUSD has had a great August so far, rising sharply from 1.0776 to nearly 1.1200 to mark its best monthly performance since November 2022. The pair violated a bearish engulfing candlestick pattern […]

The post EURUSD Eyes 2023 Top After Quick Rally appeared first on Action Forex.

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05/12/2023

US 30 Cash Index Battles With Key Trendline

US 30 index in the red after recording a new 22-month high Aggressive move higher from the October lows Some early signs of rally exhaustion from the momentum indicators The US 30 cash index is trying to record its second consecutive red candle after registering a new 22-month high, 12% higher from the late October […]
16/02/2024

Building Up a ‘Home-Grown’ Inflation Issue?

Issues in the home-building sector are still boosting goods inflation in Australia. This week RBA Head of Economic Analysis Marion Kohler gave a speech on the economic outlook. Normally an RBA speech so soon after the release of the Statement on Monetary Policy will be designed to reinforce the messages in that publication, rather than […]
29/05/2024

German Inflation in the Spotlight Ahead of Friday’s Euro Area Print

In focus today Today, focus is on German inflation data for May which will give an important clue as to what the euro area print on Friday will show. We expect a large increase in core services inflation due to a base effect from the “German ticket”, which lowered prices on public transportation in May […]