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In focus today Today will be quiet on the data front, with no major releases scheduled. The focus for remainder of the week will primarily be on US inflation for April, due Wednesday. Tuesday sees the release of US April PPI, which could give hints on the forthcoming CPI report. In Europe, the German ZEW […]

The post EV Trade Spat Flares Up Amid US Tariff Hike appeared first on Action Forex.

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13/09/2024

Back to the (Slow) Grind?

Rising taxation has dragged on household incomes and spending. Even with expanding public demand, this has helped to lower the growth outlook for the next couple of years. This week we released our refreshed forecasts in our September Market Outlook (PDF 2MB) publication. While the short-run outlook is broadly the same, the balance of risks […]
04/09/2024

USDJPY Trapped in a Gloomy Trajectory

USDJPY drifts back below 147.00 area; tests support trendline Technical picture signals bearish trend continuation USDJPY was unable to maintain its strength on Tuesday despite briefly surpassing the 147.00 level, as the 20-day exponential moving average (EMA) caused a retreat towards the support trendline from July 2023 at 144.75. The technical indicators cannot guarantee an immediate bullish rotation as […]
30/04/2024

Will AUDUSD Exit the Range Again?

AUDUSD comes under selling interest this week But stays within sideways range A break below 0.6485 may turn the outlook bearish For the picture to brighten, a move above 0.6615 may be needed AUDUSD was sold this week, after the bulls struggled to overcome the 0.6575 barrier.  In the bigger picture, the pair is trading back […]