Logo-color Logo-white

US CPI inflation forecast to have eased a bit in April Retail sales to reveal the domestic demand’s strength Dollar might benefit from a strong inflation print but stocks could suffer The April CPI report will be released on Wednesday 12:30 GMT The aggressive deceleration in US inflation seen during 2022 has paused over the […]

The post Could Wednesday’s CPI Report Change Fed’s Rate Outlook? appeared first on Action Forex.

previous

EUR/USD Could Extend Gains Unless This Support Fails

next

GBP/USD Higher With Eye on Employment Report

Read More

05/03/2024

EURJPY Recovers from Mild Pullback

EURJPY storms back higher towards 2024 peaks Momentum indicators weaken but remain positive EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Despite experiencing a pullback in the past week, the pair found its feet and rotated back higher towards its recently registered three-month peak. Given […]
27/01/2024

Bank of England Preview – Topside Risk to EUR/GBP as BoE Removes Tightening Bias

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 1 February, which is in line with consensus and current market pricing. Overall, we expect the MPC to deliver a dovish tilt to its guidance coupled with a downward revision to its inflation forecast. We expect EUR/GBP to move […]
04/09/2024

AUD/USD Steady Despite Weak GDP

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing. The Australian dollar took a bath a day earlier, sliding 1.1%, one of the sharpest daily declines this year. Australia’s GDP dips to 0.2% Australia’s economy gained a paltry 0.2% q/q […]