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US CPI inflation expected to have ticked up in March But markets may shrug it off if core figure inches lower Data due at 13:30 GMT, Wednesday, will be followed by FOMC minutes at 18:00 GMT Will CPI report boost rate cut bets? Inflation data according to the CPI and PCE measures have started to […]

The post US CPI Data Unlikely to Ease Sticky Inflation Worries, But Will Markets Care? appeared first on Action Forex.

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EUR/USD: Short-term bullish, till ECB

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08/12/2023

Weekly Focus – Central Bank Bonanza

Yield curves flattened further this week as longer dated yields traded lower on the back of softer US labour market data and not least ECB’s Schnabel’s interview with Reuters where she passed on the opportunity to oppose the recent aggressive market pricing of the ECB. In line with this, the euro has continued to weaken. […]
16/12/2023

Canadian CPI to Edge Back Below 3% in November

We expect Canadian inflation pressures to have moderated more in November. Headline inflation is expected to have dropped to 2.9% from 3.1% in October reflecting a pullback in retail gasoline prices and further easing in food price growth. That would mark the second time since March 2021 that the reading dips back within Bank of […]
16/06/2024

Forex and Cryptocurrency Forecast

EUR/USD: Hawkish Sentiments of the Fed As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% compared to the expected 3.4%. […]