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Fed uncertain as timing of rate cuts German CPI rises, but core rate falls The euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0950, up 0.26%. Fed unclear on rate cut timing The December policy meeting was highly significant as the Fed made a major pivot. After months of […]

The post Euro Rebounds after FOMC Meeting, Geman CPI Rises appeared first on Action Forex.

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08/01/2024

AUD/USD Trades With Mild Negative Bias Above 0.6700, Eyes on Australian Retail Sales Data

AUD/USD trades weaker around 0.6712 amid the USD rebound. US Nonfarm Payrolls rose 216K, beating expectations; the Unemployment Rate was unchanged at 3.7%. Fed funds futures markets are pricing in 56% odds of a Federal Reserve (Fed) rate cut. Australian monthly Retail Sales for November and the US Consumer Price Index (CPI) for December will […]
23/08/2024

GBPJPY’s Recovery Stalls at 200-day SMA

GBPJPY attempts to recover from recent 8-month low But the rebound falters after testing 200-day SMA RSI and MACD remain tilted to the bearish side GBPJPY experienced a vast selloff in July, dropping from a 16-year peak of 208.10 to as low as 180.07 on August 5, which is also an eight-month low. Since then, the pair […]
18/12/2023

Last Lap to Christmas

In focus today Christmas week is rather light in terms of data releases. Today, we get the latest signals from the German economy in the form of the Ifo index. Consensus is looking for a slight improvement in business climate in December but risks remain to the downside particularly as the flash PMIs confirmed on […]