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Markets US CPI inflation contrasted with the PPI shocker (+0.5% M/M) from Tuesday. Price pressures eased slightly in April (0.3% M/M for headline and core; down from 0.4% M/M for both in March) but the CPI report was in line with expectations. Flanked by disappointing US retail sales (flat M/M) and a weaker May Empire […]

The post Loss of Interest Rate Support Put Dollar in the Defensive appeared first on Action Forex.

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AUDUSD Eases After Bullish Spike to 4-Month High

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24/01/2024

Euro Steady, Eyes PMIs

The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.0866, down 0.15%. Eurozone, German  PMIs expected to remain in contraction The eurozone economy is sputtering and the road to recovery is likely to be a long one. Manufacturing  and services PMIs are useful gauges of economic activity […]
18/01/2024

Gold Price Dips Again and Crude Oil Price Turns Red

Gold price is correcting gains below the $2,040 support. Crude oil prices declined steadily below the $72.90 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,060 zone before it corrected lower against the US Dollar. A key bearish trend line is […]
17/07/2024

Crypto Market Reversal Saves XRP & Litecoin from Collapse

Market picture The crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K. Ethereum is trying to cross $3500. Among the top coins, XRP stands out, soaring 12% in a day and 38% in 7 days, taking out […]