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Dollar traders lock gaze on core PCE index Eurozone CPIs in focus as June cut looms Tokyo CPIs may complicate BoJ’s policy plans Aussie awaits Australian CPIs and Chinese PMIs Will PCE data break the “higher for longer” mantra? The US dollar stabilized this week, recovering a small portion of the losses it posted after […]

The post Week Ahead – US PCE Inflation and Eurozone CPI Data Enter the Spotlight appeared first on Action Forex.

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AUD/USD: Regains Traction After Losing Over 1% This Week

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ECB Preview – A Political Rate Cut in June, and No Cut in September

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29/03/2024

Japanese Yen Steady as Tokyo Core CPI Ticks Lower

The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17. Tokyo Core CPI inches lower to 2.4% Tokyo Core CPI, which excludes fresh food, eased to 2.4% y/y in March, a drop lower than the 2.5% gain in February and matching expectations. This inflation indicator is closely […]
11/06/2024

EURUSD Wave Analysis

EURUSD under bearish pressure Likely to fall to support level 1.0700 EURUSD currency pair under the bearish pressure after the earlier breakout of the support level 1.0800 (which stopped the previous wave (b) at the end of May). The breakout of the support level 1.0800 accelerated the active short-term impulse wave 3 from the start […]
02/07/2024

EUR/USD Outlook: Post-French Election Rally So Far Capped by Thickening Daily Cloud

EURUSD opened with gap-higher and rose to three-week high in early European trading on Monday, lifted by results of the first round French parliamentary election. Rally was capped by the base of thickening daily cloud, following last week’s cloud twist, with subsequent easing, pointing to strength of 1.0778/1.0800 resistance zone (daily cloud, spanned between 1.0777 […]