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The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) in the US increased to 3.2% year-over-year in February from 3.1% in January. The Core CPI, which excludes volatile food and energy prices, rose 3.8% year-over-year, slightly below January’s 3.9% but above market expectations of 3.7%. Both the CPI and Core […]

The post USD: CPI Sets The Tone For Further Movements appeared first on Action Forex.

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13/12/2023

CADCHF Wave Analysis

CADCHF reversed from resistance level 0.6490 Likely to support level 0.6410 CADCHF currency pair recently reversed down from the strong resistance level 0.6490 (former strong support from October) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 0.64879 stopped the previous minor correction ii. Given the predominant daily downtrend, CADCHF […]
04/07/2024

WTI Crude Oil Moves Sideways in the Very Short-term

WTI crude oil still above SMAs RSI and MACD indicate weakening momentum WTI crude oil futures are continuing to bounce off the 72.45 support level, remaining in an upside mood, but the current very short-term view is neutral. The price stands above the 81.90 support level after the bullish crossover within the 20-, 50- and 200-day […]
24/08/2024

Markets Weekly Outlook – Powell Delivers with Nvidia Earnings, PCE Data Next

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