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US consumer inflation beat expectations for the fourth month in a row. The CPI rose 0.4% m/m. The monthly growth rate has been rising since October. The year-over-year rate climbed to 3.2%, a bit above forecasted 3.1%. Core CPI rose 0.4% m/m for the second month. The annual growth rate slowed to 3.8%, which formally […]

The post US Inflation in No Hurry to Slow, But Markets Don’t Care appeared first on Action Forex.

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13/12/2023

Nasdaq 100: It’s All About Liquidity to Maintain Current Bullish Momentum

Nasdaq 100 recent bullish trend has moved in synch with a significant improvement in the net US liquidity since late October 2023. The major liquidity contributor has been a significant drawdown in the Fed’s overnight reverse repo facility that negates the adverse effects of Quantitative Tightening (QT). Watch the 16,160 key short-term support ahead of […]
18/01/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2620 Likely to rise to resistance level 1.2775 GBPUSD currency pair recently reversed up from the key support level 1.2620 (which has been repeatedly reversing the price from the middle of December). The support level 1.2620 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction […]
05/07/2024

Natural Gas Wave Analysis

Natural gas under the bearish pressure Likely to fall to support level 2.200 Natural gas is under bearish pressure after the earlier breakout of the key support level 2.600 (which stopped the previous medium-term ABC correction (4) from the end of May). The breakout of the support level 2.600 coincided with the breakout of the […]