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U.S. Highlights After three consecutive months of hotter-than-expected inflation, consumer prices in the U.S. finally broke the heat streak in April, with headline and core inflation decelerating. Retail sales also lost momentum in April, with spending coming in flat for the month. With the data showing some slowing in economic activity, markets are hopeful that […]

The post The Weekly Bottom Line: Inflation Breaks Its Heat Streak appeared first on Action Forex.

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08/05/2024

WTI oil futures restart downtrend

WTI oil futures fall to two-month low on rising US stockpiles Short-term risk bearish, but market could be oversold A clear close below 77.44 could activate fresh selling WTI oil futures slid to a two-month low of 76.99 on Wednesday after their continuous attempts to climb above the 200-day exponential moving average (EMA) at 79.10 proved fruitless. […]
02/01/2024

Markets are Back From Holiday

In focus today We wish our readers a Happy New Year on this first trading day of 2024. Today’s calendar looks light with the most important data release being the Eurozone M3 measure of money supply for November. M3 has been on a downward trajectory since ECB started their tightening policy, which bodes negative for […]
14/02/2024

Gold Wave Analysis

Gold under bearish pressure Likely to fall to support level 1975.00 Gold under the bearish pressure after the price broke the key support level 2005.00 (former monthly low from January), intersecting with the 50% Fibonacci correction of the upward impulse from November. The breakout of the support level 2005.00 continues the active daily correction from […]