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U.S. Highlights The Federal Reserve’s preferred inflation metric, the core PCE index, continued to cool in August with the 3- and 6-month annualized trends converging closer to the Fed’s 2% target. Federal Reserve officials who spoke this week noted that the slowing labor market was a key consideration in their monetary policy decision last week […]

The post The Weekly Bottom Line: Government Shutdown Averted as Price Pressures Continue to Ease appeared first on Action Forex.

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24/12/2024

NZD/USD Stabilises Ahead of the Holidays

Forex trading is slowing down as the holidays approach, offering a pause after significant movements driven by various news events, including central bank decisions. Notably, NZD/USD reached its lowest level since October 2022 at the end of last week. The decline in NZD/USD has been influenced by two main factors: 1. The dollar gained momentum […]
13/08/2024

Sunset Market Commentary

Markets US producer price inflation rose by 0.1% M/M in July for the headline number and stabilized for the gauge excluding food and energy. Both were below consensus (+0.2% M/M), resulting in sharper-than-expected drops in the Y/Y-figures. Headline PPI printed at 2.2% from 2.7% and core PPI at 2.4% from 3%. Details showed a discrepancy […]

EUR/USD Outlook: In Quiet Mode, Awaiting Economic Data for Fresh Ssignals

EURUSD is holding within a narrow congestion, capped by Fibo resistance at 1.0933 (Fibo 61.8% of 1.1139/1.0601), as markets slowed ahead of key release this week – US inflation report. German ZEW economic sentiment (July f/c 32.6 vs June 41.8) due in a while, would also impact Euro’s sentiment. Technical picture is predominantly bullish on […]