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Markets Data on Friday suggested that the US economy remains resilient. For now, there is no reason for the Fed to support demand. The labour market in November added 199k jobs, up from 150k in October (35k downward revision of the previous two months). Data from the consumer survey were very strong. The unemployment rate […]

The post Markets Look Forward to Tomorrow’s US November CPI appeared first on Action Forex.

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27/06/2024

US Dollar on Edge: How PCE Data Could Shake Uup the Markets

What is the US PCE data and why is it important? Uncertainty regarding the Federal Reserve and US Dollar remains high due to conflicting US data and global inflation concerns. The upcoming PCE data release is highly anticipated as it may influence the Fed’s stance on rate cuts. The US Dollar Index (DXY) is rangebound […]
19/03/2024

EURCHF Wave Analysis

EURCHF under bullish pressure Likely to rise to resistance level 0.968 EURCHF under the bullish pressure after the pair broke the key resistance level 0.9600 (which stopped the previous impulse wave i at the start of March). The breakout of the resistance level 0.9600 accelerated the C-wave of the active intermediate ABC correction (2) from […]
05/01/2024

China’s Rise To The World’s Largest Economy Is Delayed

Summary The U.S. economy remains the largest economy in the world. But, will the U.S. be able to maintain that status forever? In our view, the answer is no. We believe China is on a path to eventually overtake the U.S. and become the world’s largest economy. However, China’s structural challenges and vulnerabilities combined with […]