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Britain’s impressive slowdown in inflation has increased speculation around a rate cut next year. The headline consumer price index lost 0.2% in November, and the annual rate slowed from 4.6% to 3.9% – impressively below the expected 4.3%. Inflation excluding food and energy slowed from 5.7% to 5.1%, versus an expected 5.6%. This is the […]

The post Soft Inflation Has Pressed the Pound, But Hardly the BoE appeared first on Action Forex.

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22/04/2024

EURUSD Consolidates after Decline Pauses

EURUSD drops to a fresh 5-month low before paring some losses Oscillators suggest that risks remain tilted to the downside  EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, violating its 2024 low of 1.0693. Although the pair managed to find its footing at the five-month bottom of 1.0600, […]
13/08/2024

Investors’ Focus Set on PPI and CPI

In focus today Today is light in terms of tier-1 data releases. Hence, focus will be on the German ZEW figures coming at 11.00 CET, where analysts expect -74.0 for the current situation figure, and 35.0 for the expectations figure. Both mark lower prints and as such less optimistic conditions than what was seen in […]
11/12/2023

Sharp Change in BTC/USD Price: Causes and Consequences

On Monday morning, the price of bitcoin fell sharply. As the chart shows, the BTC/USD rate fell below 42,000 on Monday during the Asian session. According to Coinglass, the decline resulted in about $400 million worth of positions being liquidated by about 100,000 traders on cryptocurrency exchanges. So far, the price has found support around […]