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Sentiment was slightly better and the dollar was slightly lower on Tuesday on the back of a softer-than-expected PPI report from the US and on news that Donald Trump’s America First team would only ‘gradually’ increase tariffs on the rest of the world – if that’s any comfort. Diving deeper, the US core PPI unexpectedly […]

The post Inflation Watch: UK Softer-Than-Expected, US Next appeared first on Action Forex.

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10/09/2024

GBP/USD Starts Pullback, UK Employment Report Next

Key Highlights GBP/USD struggled near 1.3260 and started a downside correction. It traded below a key bullish trend line with support at 1.3140 on the 4-hour chart. EUR/USD is struggling to start a fresh increase above 1.1100. The UK Claimant count could change by 95.5K in August 2024. GBP/USD Technical Analysis The British Pound faced […]
06/11/2024

US Dollar Index (DXY) Explodes Higher as Markets Prepare for a Trump Victory

The US Dollar Index (DXY) surged as markets anticipated a Donald Trump victory in the US presidential election. Market sentiment suggests a Trump presidency and Republican majority will boost the US economy, leading to a stronger US dollar in the medium term. Trump’s proposed policies on tariffs and tax cuts could impact US inflation and […]
07/09/2024

Markets Weekly Outlook – ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data […]