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U.S. Highlights U.S. inflation rose more than anticipated to start the year, on a Consumer Price Index basis, largely due to greater price pressures within the services sector. However, retail spending surprised to the downside in January, suggesting that consumer spending may be less vigorous than the stunning pace of last year. A slowdown in […]

The post The Weekly Bottom Line: Inflation Progress Stalls and Spending Falls in January appeared first on Action Forex.

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16/07/2024

EURJPY Pulls Back from 32-Year High

EURJPY jumped to its highest since January 1992 last week But corrected lower after suspected Japanese intervention Oscillators weaken but remain above neutral zones EURJPY has been in a steep uptrend since the beginning of the year, storming to consecutive multi-year highs. In the near term, the pair experienced a strong pullback following a suspected currency intervention […]
12/07/2024

GBPJPY Hits 20-Day SMA After Multi-Year High

GBPJPY may start bearish correction Stochastics move down; RSI ticks up GBPJPY suffered significant losses following an aggressive rally to the multi-year high of 208.10. The pair found immediate support at the 20-day simple moving average (SMA) of 203.80, keeping the bias bullish for now. Technically, the stochastic oscillator is diving from the overbought region; however, the RSI is […]
17/09/2024

Will It End in Tears?

Either the Federal Reserve (Fed) doves are going seriously ahead of themselves, or there will be a big disappointment when the Fed will announce its policy decision tomorrow. Or… the Fed will align with the market and give investors want they want, to avoid creating further panic. The expectation of a 50bp is now assessed […]