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In focus today Today, focus is on euro area HICP inflation from September. We expect headline inflation to decline to 1.6% y/y from 2.2%, below consensus of a decline to 1.8%, due to the lower-than-expected prints from Spain and France. Energy inflation drives most of the downtick while core inflation should only decline to 2.7% […]

The post Euro Area Inflation and US Labour Market Data in Focus appeared first on Action Forex.

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28/06/2024

USD/JPY Bulls Reign Supreme: Insights Into The Bullish Trend

Key Highlights USD/JPY rallied and tested the 160.80 zone. A major bullish trend line is forming with support at 159.80 on the 4-hour chart. EUR/USD is consolidating above the 1.0670 support zone. GBP/USD spiked lower toward 1.2600 before it recovered some losses. USD/JPY Technical Analysis The US Dollar remained in a strong uptrend above the […]
12/11/2024

Will ZEW for November Match October’s Improvement?

In focus today Today will be light on the data front, with the German ZEW indicator for November only. It will be interesting to see if the improvement in expectations recorded in October continued in November. Economic and market news What happened overnight In Sweden, the Public Employment Service (PES) released their latest unemployment statistics […]
05/04/2024

BTC/USD Analysis: Bearish Arguments Become More Convincing

On March 18, we wrote about the activation of bears near the USD 70,000 level and the likelihood of consolidation forming near this psychological mark. On March 25, we wrote that anxiety remains in the Bitcoin market. Technical analysis of the BTC/USD chart with new data on the behavior of Bitcoin prices today relative to […]