Logo-color Logo-white

Markets: EMU Flash March CPI ‘eased’ slightly more than expected from 2.6% Y/Y to 2.4% Y/Y. Core inflation (ex-energy) dropped from 3.1% to 2.9%, the first sub 3% reading since February 2022. Food price inflation slowed further from 3.9% to 2.7%. Energy inflation was still negative (-1.8% Y/Y), but the favorable comparison base is petering […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

Gold Hits Record High; Silver Peaks on Fed Rate Cut Speculation

next

Preview of RBNZ: Nothing to See Here

Read More

15/12/2023

USD/JPY Accelerates Lower As Dollar Takes Hit Post Fed Decision

Key Highlights USD/JPY extended losses below the 142.50 support. A crucial bearish trend line is forming with resistance at 145.20 on the 4-hour chart. EUR/USD and GBP/USD surged after the Fed’s dovish stance. The US Manufacturing PMI could decline from 49.4 to 49.3 in Dec 2023 (Preliminary). USD/JPY Technical Analysis The US Dollar remained in […]
07/03/2024

AUD/USD Outlook: Aussie Dollar Rallies for the Second Day and Pressure Pivotal Barriers

AUDUSD advances for the second day, underpinned by weaker US dollar and higher iron ore prices. The pair hit two-week high and pressure key barriers at 0.6600 zone (near-term range top / Fibo 38.2% of 0.6871/0.6442 descend / 55DMA). Sustained break here is needed to signal an end of sideways phase and continuation of recovery […]
28/05/2024

Euro Area Inflation Unlikely to Change ECB’s Outlook

ECB June rate move looks like a done deal May inflation could open the door to a July rate cut Euro could benefit from a stronger CPI print German CPI on Wednesday, eurozone report on Friday at 09:00 GMT Busy calendar, inflation stands out With the market counting down to next week’s ECB meeting, the […]