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Swiss inflation slowed to 1.1% y/y in August from 1.3% the previous month, below the 1.2% expected. In April and May, the rate of price increases rose to 1.4% y/y but later started to fall again, losing 0.2% in the last three months. The Swiss National Bank cut its key interest rate twice, in March […]

The post Weak Swiss Inflation Paves the Way for Further Rate Cuts appeared first on Action Forex.

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ISM Rises for the Wrong Reasons in August

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14/02/2024

Will Oil Continue iIts Rise This Time?

Oil went on the offensive last week, once again confirming the importance of support at the 200-week moving average. Both robust US economic data and OPEC+ intentions to keep production under control fuelled the rally. All this is on top of growing supply issues across the Red Sea. Oil is currently undergoing a crucial technical […]
20/02/2024

Nasdaq (NQ) Looking to Find Buyers at Support Area

Short Term Elliott Wave View in Nasdaq (NQ) suggests that rally from 1.5.2024 low ended at 18121.5 as wave ((i)). Internal subdivision of the rally unfolded as a 5 waves impulse. Up from 1.5.2024 low, wave (i) ended at 17057 and pullback in wave (ii) ended at 16689.25. The Index then extended rally in wave […]
15/05/2024

PPI Data Didn’t Feel ‘Right’

Yesterday was one of those days when investors insisted on seeing a glass that was one-tenth full as completely full. The US producer price data came in higher than expected. The US factory-gate prices jumped 0.5% on a monthly basis instead of 0.3% penciled in, the yearly figures increased in line with expectations. US President […]