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In focus today In the US, the August CPI is due, where we forecast headline inflation to ease to 0.1% m/m SA (2.5% y/y), while core inflation is expected to remain steady at 0.2% m/m SA (3.2% y/y). We foresee a gradual moderation in housing and non-housing services inflation following a modest rebound in July, […]

The post All Eyes on US CPI Today appeared first on Action Forex.

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14/03/2024

Silver Wave Analysis

Silver broke key resistance level 24.50 Likely to rise to resistance level 25.5 Silver today broke the key resistance level 24.50 (which stopped the previous minor ABC correction 2 as can be seen below). The breakout of the resistance level 24.50 continues the active impulse wave C of the ABC correction (2) from January. Given […]
21/06/2024

USDCAD: Rising Opportunity

In the Daily timeframe, USDCAD is in a long-term bullish trend, and the price has fallen to the trend line. Despite a minor correction, the price bounced off the trend line and is testing an important resistance area. Moving averages indicate the possibility of further growth. USDCAD may be considered for a buy on a […]
27/08/2024

GBPUSD: Is the Next Downturn Approaching?

GBPUSD’s bull run slows down near a familiar resistance area Some stability is likely; sellers need a close below 1.3188 to gain control GBPUSD opened the week with marginal losses after its almost uninterrupted two-week rally was rejected near the key resistance trendline at 1.3229 for the third time. While the bulls are trying to […]