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A crucial week lies ahead with US jobs report, advance GDP and PCE inflation The Bank of Japan is expected to hold rates, but will it flag a year-end hike? Flash GDP and CPI data for the euro area are also hotly anticipated Australian quarterly CPI and UK budget on the agenda too All eyes […]

The post Week Ahead – A Decisive Week for USD with NFP and More; BoJ Meets appeared first on Action Forex.

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11/12/2024

EUR/USD Faces Resistance While USD/CHF Builds Momentum

EUR/USD extended losses and traded below the 1.0550 support. USD/CHF is rising and might aim for a move toward the 0.8880 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at […]
18/05/2024

The Weekly Bottom Line: Inflation Breaks Its Heat Streak

U.S. Highlights After three consecutive months of hotter-than-expected inflation, consumer prices in the U.S. finally broke the heat streak in April, with headline and core inflation decelerating. Retail sales also lost momentum in April, with spending coming in flat for the month. With the data showing some slowing in economic activity, markets are hopeful that […]
06/05/2024

Short-Term Technical Picture for Dollar Turned More Neutral

Markets US data on Friday (almost) perfectly fitted the dovish post-Fed market momentum. After several consensus-beating monthly releases, the US economy in April ‘only’ added 175k jobs, the slowest growth in six months. US wage growth also eased with Average Hourly Earnings (AHE) slowing to 0.2% M/M and 3.9% Y/Y (from 0.3% M/M and 4.1% […]