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U.S. Highlights February’s Consumer Price Index report showed that inflation came in higher-than-expected for a second consecutive month – a development which is likely to be on the Fed’s agenda at their two-day meeting next week. Spending in the retail sector disappointed expectations, despite some recovery from last month’s notable decline. With inflation top of […]

The post The Weekly Bottom Line: Sticky Prices Could Delay Rate Cuts appeared first on Action Forex.

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12/01/2024

AUDUSD Remains in Positive Territory

AUDUSD fails to fall below 0.6645 Price holds well above uptrend line RSI is flattening AUDUSD has been in a somewhat positive corrective mode during the week, earning back some losses from the December 28 high of 0.6870. Entering the 0.6700 area has been a struggle over the past few days, and there might be […]
19/06/2024

New Zealand dollar faces growth challenges

The NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered by weaker-than-expected US retail sales data. These results increased bets on an imminent reduction in the cost of lending by the […]
15/12/2023

S&P 500 (SPX) Impulsive Rally in Progress

S&P 500 (SPX) rally from 10.27.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 10.27.2023 low, wave ((i)) ended at 4381.15. Wave ((ii)) ended at 4343.86 as the 1 hour chart below shows as expanded flat. The Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave […]