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GBPUSD corrects lower after advance pauses But seems to be finding traction in the last couple of sessions Oscillators lose ground but remain in their positive zones GBPUSD had been forming a profound structure of higher highs and higher lows following its break above the crucial descending trendline in early November. However, the pair’s rally paused at […]

The post GBPUSD Pulls Back from 3-month High appeared first on Action Forex.

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22/07/2024

USD/JPY: Another Potential Relief Rally Leg Looms for JPY

A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential Election race. A resurgence of Trumponomics that may be challenged which in […]
12/01/2024

Weekly Focus – Taiwan Election Key for Geopolitical Tensions

The main release this week was US inflation, which surprised slightly to the upside with core inflation coming in at 3.9% y/y (consensus 3.8% y/y) as service inflation is still proving sticky. It contrasts with the signals in the euro area where we have seen a clearer decline in core inflation, see Global Inflation Watch […]
13/12/2023

Sweet and Sour

US headline inflation fell to 3.1% as expected, thanks to an almost 9% fall in gasoline prices since last year, although shelter inflation – which is where everyone sees the biggest potential for easing – remained sticky yet another month. Core inflation eased to 4% on a yearly basis, BUT headline inflation was slightly higher-than-expected […]