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In focus today In the US, April PPI is due for release this afternoon, unusually ahead of the CPI release tomorrow. This means markets could pay even more attention to it than usual, not least after the upside surprises seen in the March inflation data. In Germany, we receive the ZEW survey for May. The […]

The post US Consumers Anticipate Sticky Inflation Ahead appeared first on Action Forex.

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14/08/2024

Market Analysis: AUD/USD Rallies While NZD/USD Trims Gains

AUD/USD is consolidating gains near the 0.6620 zone. NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside correction from 0.6640 against the US Dollar. There is a key bullish trend line forming with support at 0.6610 on […]
08/12/2023

Despite Strong USD Spike after NFP Report, Bitcoin Remains in Uptrend

US jobs data for November comes out 199K vs 184K expected. Unemployment rate changed from 3.9% to 3.7%. It appears that what CPI did a month back, the NFP takes it all back on the euro. Some stops must have been cleared out, so possibly that’s a perfect price area for market to stabilize at […]
19/04/2024

USD/JPY Stages More Upsides, Can Bulls Aim For 160?

Key Highlights USD/JPY extended gains above the 154.00 level. A major bullish trend line is forming with support at 153.95 on the 4-hour chart. EUR/USD is struggling to recover above 1.0720. Crude oil prices declined below the $83.50 support zone. USD/JPY Technical Analysis The US Dollar settled above the 150.00 level to move further into […]