Logo-color Logo-white

All eyes will be on U.S. April inflation numbers on Wednesday after a string of upside surprises made earlier expectations for interest rate cuts from the Federal Reserve in the near term unlikely. We expect to see some softening in price growth in April. Headline consumer price index growth is expected to be up 3.5% […]

The post U.S. Inflation in April to Look Softer After Upside Surprises appeared first on Action Forex.

previous

Canada’s Labour Market Explodes Higher in April

next

The Weekly Bottom Line: Canada – Jobs Surge Delays Rate Cut Bets

Read More

03/06/2024

ECB to Make the First Move

ECB meets on Thursday; a rate cut is expected Market will look for hints of back-to-back rate cuts A dovish rate cut could match expectations and push euro/dollar lower Decision will be announced on Thursday 12:15 GMT, press conference at 12:45 GMT A 25bps rate cut is expected On Thursday, the ECB will hold its […]
06/03/2024

NZD/JPY Technical: Failure Bullish Breakout Indicates Potential Softness (JPY Strength) Ahead

3 key risk events that may significantly influence the movement of NZD/JPY; Japan’s FY 2024/2025 annual wage negotiations preliminary results (15 March), BoJ’s monetary policy outcome (19 March) & Fed FOMC and release of its latest dot plot (20 March). Technical analysis has indicated a potential medium-term bearish momentum on sight for NZD/JPY. Watch the […]
28/10/2024

EUR/USD Weakens Amid Global Economic Uncertainty and Strong US Dollar

The EUR/USD pair began the week around 1.0789, reflecting heightened global economic uncertainties and a strong inclination towards safe-haven assets. The appeal of the US dollar is bolstered by rising US government bond yields and positive consumer confidence indicators from the University of Michigan, which reported a rise to 70.5 points in October, surpassing expectations. […]