Logo-color Logo-white

The upcoming US CPI data release on December 11th is a key event for markets, as it could influence the Fed’s decision on interest rates at its December 18th meeting. While a rate cut is widely expected, a higher-than-forecast CPI print could raise questions about the Fed’s path forward. The US Dollar has strengthened recently, […]

The post US Inflation and Dollar Index (DXY) : A Pre-CPI Analysis appeared first on Action Forex.

previous

USDJPY Battles With 200-Day SMA Near 152.00

next

USD/CAD Steady Ahead of BoC Rate Decision

Read More

20/09/2024

Crypto Market’s Steady Ascent

Market Picture Active buying continues in the crypto market, with its total cap rising 3.2% in 24 hours to $2.21 trillion, reviving the fight to break the previous local high of $2.27 trillion a month ago. The local low in early September was above the previous low, and a break of the recent highs could […]
26/08/2024

Sunset Market Commentary

Markets The dust settled somewhat after Fed chair Powell’s “the time has come” speech in Jackson Hole prompted an almost 9 bps decline in US yields last Friday. The front end of the curve outperformed, drawing comfort from Powell implicitly leaving all options open, including supersized (eg. 50 bps) rate reductions in September or later. […]
13/08/2024

EURUSD Bulls Don’t Want to Give Up

EURUSD maintains sideways move as 1.0940 barrier blocks the way up Technical risk is on the positive side; eyes on 1.0970 too US PPI due at 12:30 GMT; FOMC member Bostic speaks today EURUSD continues to face restrictions near the 1.0940 level and the resistance trendline from July 2023, which squeezed the price below a […]