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Optimism is on the menu ahead of today’s much-awaited US inflation report. The US 10-year yield tipped a toe below the 4% level, the S&P500 came at a spitting distance to the December peak level as technology stocks led gains. Nvidia hit a fresh record, MAMA stocks advanced to an ATH as well, as Meta […]

The post US Headline Inflation Could Rise Modestly from 3.1% to 3.2% in December appeared first on Action Forex.

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Rising (US) Yields Should Provide a Bottom for Dollar

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All Eyes on US Inflation

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10/09/2024

GBP/USD Rises on Robust Labor Data – Challenges Ahead for the BoE

UK labor data beats expectations, with regular pay rising by 5.1% and employment increasing by 265k. BoE faces challenges in balancing strong employment figures with moderating wage growth and rate cut hopes. US CPI and PPI, and BoE Deputy Governor Sarah Breeden’s comments, could impact GBP/USD’s trajectory. The GBP benefitted following a positive UK labor […]
16/04/2024

EURUSD Wave Analysis

EURUSD broke support level 1.0730 Likely to fall to support level 1.0570 EURUSD currency pair fall after the earlier breakout of the key support level 1.0730 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the ABC correction (2) from October. The breakout of the support level 1.0730 accelerated […]
29/05/2024

Yields and Chips

The first day back after the long weekend brought traders back down to earth. A weak sale of US 2 and 5-year notes, and Federal Reserve’s (Fed) Neel Kashkari’s comments that the Fed cannot rule out hiking the interest rates as a next move sent the US treasuries lower yesterday. Happily, Mr. Kashkari isn’t a […]