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US Consumer Price Index – US CPI The core CPI, which excludes Energy and food products, came in at 3.8% in March, slightly higher than 3.75% in February 2004. The uptick was mainly driven again by a rise in the cost of services. The increase in the cost of the transportation services sector was mainly […]

The post EUR/USD – USD/JPY – USD/CAD Technical Analysis Overview ahead of US CPI and Retail Sales appeared first on Action Forex.

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29/05/2024

Australia: April Monthly CPI Indicator First Impressions

Stronger clothing prices, and a surprise inclusion of health insurance premium increases, offset the suppression of power bills by Tasmanian electricity rebates. The Monthly CPI Indicator gained 3.6% in the year to April compared to 3.5%yr in March and 3.4%yr in both February and January. The April print was slightly stronger than Westpac’s forecast of […]
29/07/2024

USDJPY Struggles to Reclaim 20-Period SMA

USDJPY caught in a battle to overcome 20-period SMA Near-term momentum is positive but weak Bulls face an uphill struggle to regain control USDJPY has started the week on a somewhat positive note but it’s proving difficult for the bulls to secure the upper hand as a tough battle rages around the 20-period simple moving […]
28/08/2024

For Yields and Dollar Some Further Consolidation on the Cards

Markets Core interest rate markets yesterday tried to further build on a tentative pause/bottoming out process that started on Monday. With 100 bps Fed cuts discounted for this year and another 125 bps of reduction priced in for next year, markets for now apparently feel themselves as trading in line even with the new Fed […]