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UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to 3.9% UK inflation has a tendency to surprise the markets and that happened again on Wednesday as December CPI ticked […]

The post British Pound Gains Ground as UK Inflation Rises appeared first on Action Forex.

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Markets Scaled Back Expectations for March Fed Rate Cut to About 50%

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19/02/2024

Weekly Economic & Financial Commentary: Central Banks on Hold for Longer?

Summary United States: Little Love in January Data Economic data were stuck in the doldrums this week, highlighted by a hot January CPI print. The out-of-consensus start to the year for economic data continued with a slip in retail sales and industrial production followed by a startling 14.8% drop in housing starts during January. Next […]
11/07/2024

Japanese Yen Faces Continued Decline Amid Interest Rate Differentials

The USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and the Federal Reserve. Earlier this year, the BoJ abandoned its longstanding negative interest rate policy, adjusting the […]
22/02/2024

S&P 500 (US500): Consolidates in Buying Zone. Watch for a Surge Towards 5000 Intraday

Bullish Scenario: Buying above 4980 with TP1: 4993, TP2: 5005, and TP3: 5014 (Intraday levels). TP (Swing Trading): 5031.90, 5045.66, and 5054. It is recommended to set a stop loss (S.L.) below 4965 or at least 1% of the account capital**. Bearish Scenario: Selling below 4960 with TP1: 4935, TP2: 0.6487, and TP3: 4924 (Intraday […]