Logo-color Logo-white

Markets October CPI inflation was the first really important US data series for release after the Trump/Republican election victory. Concrete policy measures from the new US administration will decide which way activity and in inflation will ultimately go. Data in the meantime will help to define the starting point for Fed policy and the subsequent […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

US: Inflation Progress Grinds to a Halt in October 

next

USDJPY Wave Analysis

Read More

16/12/2024

Bank of England Preview – Christmas Pause in Cutting Cycle

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 4.75% on Thursday 19 December in line with consensus and market pricing. Data has broadly been in line with the BoE’s expectations, warranting a continued signalling of only a gradual approach to monetary policy easing. We expect the reaction in EUR/GBP […]
15/12/2023

AUDUSD: Solid Chinese Data Further Boost Post-Fed Rally

AUD/USD keeps firm bullish tone for the third consecutive, with better than expected China retail sales and industrial production data adding to positive near-term outlook, established after dovish Fed on Wednesday. The pair is trading near new 4 ½ month high in early Friday, with bullish technical studies contributing to positive fundamentals and continue to […]
11/10/2024

EURUSD Wave Analysis

EURUSD broke support zone Likely to fall to support level 1.0875 EURUSD currency pair under the bearish pressure after the earlier breakout of the support zone located between the key support level 1.1000 (former monthly low from September) and the 50% Fibonacci correction of the upward impulse from July. The breakout of this support zone […]