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U.S. Highlights Inflation and the labor market are cooling off, but the economy has not yet hit a wall. Despite what markets may be fearing. The ISM services survey showed broad based improvements in July, while falling longer term interest rates are easing financial conditions. Next week’s inflation report and the Jackson Hole summit in […]

The post The Weekly Bottom Line: Bumps in the Road appeared first on Action Forex.

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12/04/2024

EURGBP Wave Analysis

EURGBP reversed from resistance level 0.8585 Likely to fall to support level 0.8500 EURGBP currency pair recently reversed down from the pivotal resistance level 0.8585 (which has been reversing the price from February). The resistance level 0.8585 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the downward impulse […]
26/03/2024

USD/JPY Price Analysis: Consolidation ahead of US News

This morning, news about inflation in Japan was published. It did not bring any surprises — inflation in Japan is gradually weakening as expected. Core CPI in annual terms: actual = 2.3%, forecast = 2.5%, a month ago = 2.6%, a year ago = 3.0%. We also note that the official position is aimed at […]
18/04/2024

Two Riksbank Speeches to Give Insight into Near-Term Monetary Policy

In focus today Today, two Riksbank board members will give speeches on monetary policy and the economic outlook, Aino Bunge (8.30) and Per Jansson (16.00). It will be very interesting to hear their comments on the benign March inflation print and the recent global developments, in particular how they assess the perception of delayed rate […]