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US CPI inflation is the next big test for the US dollar Yen traders turn to Tokyo CPIs and wages for BoJ exit hints China’s inflation and trade numbers to impact broader sentiment UK monthly GDP on tap amid recession fears Will the US CPIs corroborate the market’s implied Fed rate path? The US dollar […]

The post Week Ahead – Market Spotlight Turns to US CPI Inflation appeared first on Action Forex.

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U.S. Inflation Data in Focus as Central Banks Consider Rate Cuts

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04/04/2024

EUR/USD Surges Following Powell’s Remarks on Interest Rates

The EUR/USD pair moved upward to 1.0844 on Thursday, marking an unexpected shift following a period of strong US dollar performance. This change in dynamics can be attributed to investors’ positive response to comments made by US Federal Reserve Chair Jerome Powell regarding the future of interest rates. Powell’s remarks led to a surge in […]
13/03/2024

CHF/JPY Technical: Potential Major Bullish Trend Exhaustion

The recent significant increase of a total of 20 bps in the 2-year JGB yield since the start of the year has come in line with the highly anticipated rosy results of the annual wage negotiations in Japan. In the past week, the JPY crosses have come under downside pressure as the carry trade strategy […]
07/08/2024

GBPUSD Drops Out of Bullish Channel

GBPUSD trims more gains after bearish channel breakout Technical signals remain negative; support at 1.2670 GBPUSD bears powered up on Tuesday with scope to fight the 200-day simple moving average (SMA) and the support trendline from the 2022 low at 1.2670, which triggered the April-July bull trend. Notably, the 50% Fibonacci retracement of this upleg […]