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The US yields pushed higher and the dollar rally gained further momentum yesterday, as investors continued to surf on the idea that Donald Trump’s pro-growth policies and tariffs would boost inflation in the US and limit the Federal Reserve’s (Fed) capacity to ease the monetary policy as much as previously anticipated. Yesterday’s data showed an […]

The post Dollar Up, Oil Down – Eyes on US CPI appeared first on Action Forex.

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10/10/2024

Gold Wave Analysis

Gold broke the support zone Likely to fall support level 2580.00 Gold recently broke the support zone set between the support level 2625.00 (which stopped wave A at the end of September), the support trendline of the daily up channel from September and the 50% Fibonacci correction of the upward impulse from last month. The […]
10/05/2024

GBP/USD Analysis: Pound Recovers After the Bank of England Decision

Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 – 7); → forecast: 0 – 0 – 9; → previous values: 0 – 1 – 8. For the first […]
21/08/2024

Soft-Landing, or No Soft-Landing, That Is the Question: Part III

Part III: A New Toolkit To Predict Soft-Landings, Stagflation and Recessions Summary In the third installment of this series, we introduce a probit framework to generate four-quarter-out probabilities of three scenarios: recession, stagflation and soft-landing. Instead of relying on one regression with one set of predictors, we create several regressions with different sets of predictors […]