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In focus today From the US, April durable goods orders and revised May Michigan consumer sentiment survey are due for release. The flash release showed consumers’ inflation expectations ticking notably higher, but the recent decline in retail gasoline prices could mean that expected inflation has also moved lower. The Fed’s Waller (voter) will be on […]

The post Euro Area and US PMIs Surprise to the Upside appeared first on Action Forex.

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20/06/2024

Pound Froze ahead of BoE Meeting: What Will the Central Bank Decide?

The GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused. The Bank of England will convene for its regular meeting today, at which the regulator will review all the collected statistics and decide on the interest rate level. […]
07/03/2024

USD/JPY: Falls Below 150.00 on Growing Expectations for BoJ Rate Hike in March

USDJPY dips below 150 support and is on track for clear break lower after the pair was hanging above this level for more than two weeks. Yen gained traction on signals may decide to start raising interest rates, with the most optimistic BOJ policymakers seeing chances for the first hike this month. On the other […]
07/08/2024

NZDUSD Jumps Aggressively Higher

NZDUSD records a sizeable green candle today Strong reaction following the recent acute correction Momentum indicators are mixed, bearish pressure weakening NZDUSD is edging aggressively higher today, cancelling out a good part of the recent correction that led to a new 9-month low. The overall positive market sentiment and the stronger labour market data from […]