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China’s CPI continued to deflate in January to -0.8% y/y from -0.3% y/y in December 2023 while the pace of contraction has slowed slightly in PPI (factory gate prices) to -2.5% y/y from -2.7% y/y in December. The spread of PPI over CPI has widened which in turn may see a turnaround in the current […]

The post A Modest Sliver Lining for China and Hong Kong Stock Markets appeared first on Action Forex.

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07/08/2024

GBPUSD Drops Out of Bullish Channel

GBPUSD trims more gains after bearish channel breakout Technical signals remain negative; support at 1.2670 GBPUSD bears powered up on Tuesday with scope to fight the 200-day simple moving average (SMA) and the support trendline from the 2022 low at 1.2670, which triggered the April-July bull trend. Notably, the 50% Fibonacci retracement of this upleg […]
10/04/2024

GBP/USD Recovers While EUR/GBP Dips to Support

GBP/USD is gaining pace above the 1.2660 resistance. EUR/GBP declined steadily below the 0.8572 and 0.8566 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2660.  There is a key bullish trend line forming with support near 1.2670 on the hourly chart of GBP/USD at […]
13/01/2024

The Weekly Bottom Line: The Long and Bumpy Road

U.S. Highlights An upside inflation surprise didn’t do much to move markets, as the details of the report fell in line with expectations. The focus remains firmly on the services sector, where housing costs continue to prop up price growth. Looking forward, the Fed will need to see more consistent evidence of disinflation – likely […]