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Against all odds, yesterday ended up being a good day – at least for investors who have exposure to the French assets. The French government fell and the political uncertainty shifted to a higher gear yet, the French 10-year yield eased, the euro gained, and the CAC 40 hasn’t had such a good week since […]

The post It’s Been A Surprisingly Good Week appeared first on Action Forex.

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10/10/2024

GBP/USD Consolidates as Bulls Eye a Potential Short-Term Pullback

GBP/USD is currently range-bound, consolidating within a narrow 30-pip range. US CPI and PPI data releases on Thursday and Friday could introduce some volatility. From a technical standpoint, the medium-term outlook still favors USD bulls, but a short-term bounce in GBP/USD is looking appealing. GBP/USD is in uncharted territory if i may so with the […]
22/04/2024

EUR/GBP: Rallies for the second day as dovish comments from BoE officials deflate Pound

EURGBP extends strong rally into second straight day and hit the highest in 4 ½ months on Monday, as the pound was hit by dovish comments from BoE officials, who shifted their initial view and expect inflation to ease further and remain around the central bank’s 2% target for next couple of years. The pair […]
13/03/2024

US Inflation in No Hurry to Slow, But Markets Don’t Care

US consumer inflation beat expectations for the fourth month in a row. The CPI rose 0.4% m/m. The monthly growth rate has been rising since October. The year-over-year rate climbed to 3.2%, a bit above forecasted 3.1%. Core CPI rose 0.4% m/m for the second month. The annual growth rate slowed to 3.8%, which formally […]