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Dollar continues to fly on growing expectations that the Fed will stay in higher for longer rate mode The dollar index extends strong rally on Monday, after advancing 0.8% on Friday and started the week with gap higher opening. Upbeat May NFP numbers on Friday added to hawkish stance and signal that the Fed may […]

The post US Dollar Index: Continues to Fly on Growing Wxpectations appeared first on Action Forex.

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15/05/2024

US: Core Inflation Cools to Near Three-Year Low in April  

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in April, a tick below the consensus forecast. On a twelve-month basis, CPI inflation edged lower by 0.1 percentage points to 3.4%. Higher gasoline prices (+2.8% m/m) were partly responsible for the uptick in headline inflation. Meanwhile, food prices were flat last month and are up […]
02/05/2024

Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part III

Part III: Where Is Stagflation Headed from Here? Summary In the first installment of this series, we presented a simple framework to characterize stagflation and identified 13 instances in the United States since 1950. We briefly summarized past episodes of stagflation in the second installment. In this final report, we consider the risk of stagflation […]
23/04/2024

Japanese Yen Isn’t Impressed This Morning by Yet Another Verbal Intervention Warning

Markets German and EU swap rates yesterday tested YTD highs in absence of strong market drivers. These technical resistance levels stood their ground with rebounding stock markets (Nasdaq +1.1%) offering some counterweight as well. Unlike yesterday, today’s agenda could be an inspiring one both in EMU and in the US. April PMI confidence indicators are […]