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In focus today President Macron is faced with the difficult task of appointing a new prime minister following PM Barnier being outed at yesterdays no-confidence vote. We think it is likely that a new government will not be formed before the new year, with the current government to continue in a caretaker capacity. We anticipate […]

The post Uncertainty Looms in French Politics After Barnier’s Ousting appeared first on Action Forex.

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14/02/2024

US: Progress on the Inflation Front Grinds to a Halt in January 

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in January, ahead of the consensus forecast calling for a more modest gain of 0.2%. CPI rose 3.1% year-over-year, down from 3.4% in December. Energy prices fell 0.9% m/m, largely driven by a pullback in prices at the pump (-3.3% m/m). Meanwhile, food prices (+0.4%) jumped […]
24/01/2024

AUDUSD Recovers, But Remains Below Prior Uptrend Line

AUDUSD recovers after hitting 0.6525 But the bulls struggle below key resistance crossroads This increases the chances for another strike by the bears AUDUSD entered a recovery mode after it hit support near the key zone of 0.6525. However, the bulls seem to be struggling to overcome the 0.6615 level and the 50-period EMA, with […]
28/12/2023

ETH/USD Analysis: New Record of the Year

Today, the price of Ethereum exceeded the level of 2,440 per token, thereby setting a new high for 2023. It is noteworthy that the price of Bitcoin did not support the bullish sentiment, continuing to fluctuate around the USD 43,000 level for the fifth day. What is the reason for the growth of ETH/USD from […]