Logo-color Logo-white

In focus today We expect the euro area inflation data today to show that headline inflation eased to 2.2% y/y in August from 2.6% in July, driven by base effects on energy prices. We see underlying inflation remaining persistent due to sticky service inflation and a normalization of core goods inflation from the very low […]

The post Energy Base Effects to Drive EA August Inflation Down, Focus on Services Price Momentum appeared first on Action Forex.

previous

USD/JPY Retains Support: Can It Stage a Recovery?

next

USDCAD Rises From Almost 6-Month Low

Read More

17/04/2024

Dollar Rally Shifts into a Lower Gear

Markets Developments in the Middle East gradually lost their grip on global markets with central bank talk again taking the lead. Fed Vice-Chair Jefferson delivered a perfect assist for Chair Powell to acknowledge the consequences of recent strong US activity data while inflation remains stubbornly high. Jefferson warned that the Fed will have to keep […]
26/06/2024

EURJPY Builds Base Slightly Near 40-year High

EURJPY stands well above uptrend line RSI flattens but MACD strengthens its momentum EURJPY has rebounded off the long-term ascending trend line near 167.70, sending the market above the previous peak of 170.80. A successful jump above the 40-year high of 171.56 could help the pair to surge towards the next round numbers such as 172.00 and 173.00. […]
27/06/2024

USD/JPY Steady as BOJ Watches With Sense of Urgency

Japanese yen remains below 160 USD/JPY is trading at 160.38 early in the North American session, down 0.25% on the day. The Japanese yen has been trading below 160 on Thursday, after dropping as low as 160.87 on Wednesday, its lowest level since December 1986. As the yen continues to hit new lows, there are […]