Logo-color Logo-white

The EUR/USD pair has experienced a significant decline, stabilising around 1.0745 by Thursday. This movement follows the US releasing inflation data that exceeded expectations, underscoring the ongoing battle against inflation. The March consumer price index (CPI) increased by 0.4% month-on-month, matching February’s rise but surpassing the anticipated 0.3%. The annual inflation rate intensified to 3.5% […]

The post US Dollar Strengthens Following High Inflation Data appeared first on Action Forex.

previous

WTI Oil Pauses Rally But Remains Supported

next

Sunset Market Commentary

Read More

07/05/2024

UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News

On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with a bullish gap; → On the daily chart of UK100, today the RSI indicator is in overbought territory, unseen since […]
15/03/2024

USD/JPY Could Recover, Crude Oil Price Breaks $80

Key Highlights USD/JPY is attempting a recovery wave from the 146.50 support. A key rising channel is forming with support at 147.50 on the 4-hour chart. Crude oil prices surged above the $80.00 resistance zone. Gold prices are consolidating near the $2,150 zone. USD/JPY Technical Analysis The US Dollar declined heavily below the 148.00 zone […]
13/05/2024

GBP/USD Higher With Eye on Employment Report

The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. UK job growth expected to slide The UK labor market has held up well despite high interest rates but cracks have appeared and Tuesday’s job report is expected to be soft. […]