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In focus today In the afternoon, US November retail sales and industrial production are due for release. Leading soft indicators gave very conflicting signals in November, so the Fed will closely follow hard data releases for stronger conviction on the direction of the economy. In Germany, we receive two growth and sentiment indicators from Ifo […]

The post Recovering PMIs appeared first on Action Forex.

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27/11/2024

EUR/USD Steady Ahead of Major US Data Releases

EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes. The Federal Reserve signalled a potential pause in rate cuts if inflation reaccelerates but also indicated readiness to continue easing if economic indicators weaken. Today promises heightened activity for EUR/USD due to a slew of US economic data releases. […]
29/04/2024

EURUSD Attempts Recovery from 5-month Low

EURUSD rebounds from a five-month bottom But oscillators suggest that the bears retain control EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, posting a fresh 2024 low of 1.0600. Although the pair has been regaining ground since then, the momentum indicators are still tilted to the downside. Should […]
26/06/2024

AUD/USD: Jumps on Higher Than Expected Australian Inflation

Australian dollar rose 0.6% in early Wednesday, lifted by higher than expected inflation (May 4.0% vs 3.6% in April and 3.8% f/c), which hit the highest in six months. Fresh rise in consumer prices adds to RBA’s hawkish stance, with jump in bets for August rate hike making the Aussie dollar more attractive. Near-term action […]