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U.S. Highlights Inflation, as measured by the Consumer Price Index, accelerated to 3.5% year-on-year in March – the highest reading in six months. Minutes from the Federal Reserve meeting in March showed that officials remained in favor of exercising patience amid persistent inflationary pressures. U.S. Treasury yields spiked roughly 15 basis-points as market expectations for […]

The post The Weekly Bottom Line: One Hundred Days into 2024, Rate Cuts Remain on the Horizon appeared first on Action Forex.

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22/03/2024

Cliff Notes: Four Sets of Circumstances, One Intent

Key insights from the week that was. In Australia, the RBA Board once again decided to leave the cash rate unchanged at 4.35% after reflecting on recent data. The new information included the Q4 National Accounts, which confirmed the economic slowdown broadened into year-end, and the Q4 Wage Price Index, which revealed an underlying slowdown […]
02/07/2024

XTIUSD: Strengthened and Reaching Supply Zone

Bearish Scenario: Sell below 83.63 (if a PAR* forms) with TP1: 83.00, 82.31, 82.11, and 81.70 in extension with an S.L. above 84.00 or at least 1% of account capital. Bullish Scenario after a Pullback to Demand Zone: Wait for a decline towards 82.00 and the formation of a bullish PAR* with TP1: 84.16 and […]
15/04/2024

Euro Ends Slide as Industrial Production Rebounds

The euro has stabilized on Monday after sustaining sharp losses on Friday. In the European session, EUR/USD is trading at 1.0656, up 0.14%. The US dollar posted strong gains last week against the majors and surged 1.8% against the euro, which fell to a six-month low. Eurozone industrial production rebounded 0.8% m/m in February following […]