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Summary This morning’s CPI report was arguably the most encouraging one the FOMC has received since it began its inflation fight nearly two and a half years ago. Consumer prices declined by 0.1%, led lower by a drop in energy prices and a modest increase in food prices. Excluding food and energy, the core CPI […]

The post June CPI: September Rate Cut Incoming appeared first on Action Forex.

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16/01/2024

UK Wage Growth Cools Which Could Enable Earlier BoE Rate Cuts

Labour market figures this morning have kicked off a big week of economic data for the UK in a promising way, with wage growth a particular highlight from the report. For a long time now, central banks have indicated that a significant amount of pressure from higher interest rates will need to be applied to […]
29/03/2024

EUR/USD Falls to Five-Week Low

The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%. It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year. Earlier today, EUR/USD dropped as low as 1.0768, its lowest level since February 21. Weak German […]
02/08/2024

USDCHF Bearish Pressure Lingers

USDCHF’s retreat continues with a new 6-month low recorded Downtrend from early May high is in place Momentum indicators acknowledge the bearish pressure USDCHF is trading sideways today, a tad above the 0.8699 level and trying to record its fourth consecutive red candle since failing to break above the 200-day simple moving average (SMA). It […]