USD/JPY is finally topping out this year at our 162-164 resistance area, where we called the end of a big ending diagonal on the daily chart. Notice that the price is now falling sharply and impulsively through the lower trendline support and straight, all the way down to the starting point of the wedge pattern, […]
The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in July, bang-on the consensus forecast. On a twelve-month basis, CPI fell to 2.9% (from 3.0% in June). After exerting a measurable drag in each of the two prior months, energy prices were largely flat in July. Food prices matched last month’s gain, rising 0.2%. Excluding […]
The post US: Inflationary Pressures Continue to Ease in July, Solidifying a September Rate Cut appeared first on Action Forex.
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