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Markets US September inflation printed hotter than expected and contained some important hawkish details such as rising food prices and accelerating supercore services inflation (to an annualized 3mMA of around 4%). Several Fed officials including NY’s Williams, Chicago’s Goolsbee and Richmond’s Barkin were not too worried and focused on the broader picture in which inflation […]

The post US Inflation Printed Hotter Than Expected and Contained Some Important Hawkish Details appeared first on Action Forex.

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17/09/2024

GBPUSD Wave Analysis

GBPUSD reversed from support zone Likely to rise to the resistance level 1.3255 GBPUSD currency pair continues to rise strongly after the earlier upward reversal from the support zone set between the support level 1.3020 (former resistance from July) and the 38.2% Fibonacci correction of the upward impulse from August. The upward reversal from this […]
10/08/2024

Week Ahead – US CPI to Test Market Nerves, RBNZ Might Cut Rates

Market turmoil has eased, but will US CPI stir things up again? Crucial week for sterling as UK CPI, GDP and retail sales on the way The RBNZ is edging closer to a rate cut, but will it be next week? Japanese GDP, Australian jobs and Chinese data eyed too US economy worries take front […]
08/08/2024

USDCHF Wave Analysis

USDCHF reversed from support zone Likely to rise to resistance level 0.8735 USDCHF currency pair recently reversed up from support zone located between the support level 0.8430 (which stopped the weekly downtrend at the end of 2023) and the lower weekly Bollinger Band. The upward reversal from this support zone stopped the previous weekly impulse […]