Logo-color Logo-white

US inflation once again beat expectations, causing markets to further discount the chances of an easing cycle starting in June. The dollar responded with a 1% rise against a basket of major currencies, taking the DXY back to 104.80. The dollar recorded two peaks near these levels in February and late March, and it has […]

The post Strong Inflation Jumpstarts Dollar appeared first on Action Forex.

previous

US: Core Inflation Comes in on the Hotter Side for a Third Consecutive Month

next

Bank of Canada Monetary Easing Door Slightly Ajar

Read More

04/04/2024

Silver Wave Analysis

Silver broke major resistance zone Likely to rise to resistance level 28.00 Silver under the bullish pressure after the recent breakout of the major resistance zone located between the resistance levels 26.15 and 26.90 (previous yearly highs from 2022 and 2023). The breakout of the resistance levels 26.15 and 26.90 accelerated the active impulse waves […]
02/07/2024

EUR/USD Struggles to Maintain Gains Amid Mixed Economic Signals

The EUR/USD pair experienced a noticeable uptick yesterday, but failed to sustain its peak, settling at 1.0732 today. Early gains were buoyed by the initial outcomes from France’s parliamentary elections, which did not reflect the worst-case scenario, sparking a temporary surge in risk appetite and bolstering the euro. However, last evening’s economic indicators from the […]
15/05/2024

PPI Data Didn’t Feel ‘Right’

Yesterday was one of those days when investors insisted on seeing a glass that was one-tenth full as completely full. The US producer price data came in higher than expected. The US factory-gate prices jumped 0.5% on a monthly basis instead of 0.3% penciled in, the yearly figures increased in line with expectations. US President […]