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EUR/USD remains biased lower as near term action stays within extended consolidation range above 13-month low (1.0495), with the upside being capped by solid barriers at 1.0600 zone (former low of Apr 16 / Fibo 23.6% of 1.0936/1.0495 / falling 10 DMA). Negative 14-d momentum and daily MA’s in full bearish setup support scenario, with […]

The post EUR/USD Outlook: Continues to Move Within Extended Consolidation Range, But Larger Bears Hold Grip appeared first on Action Forex.

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16/05/2024

Loss of Interest Rate Support Put Dollar in the Defensive

Markets US CPI inflation contrasted with the PPI shocker (+0.5% M/M) from Tuesday. Price pressures eased slightly in April (0.3% M/M for headline and core; down from 0.4% M/M for both in March) but the CPI report was in line with expectations. Flanked by disappointing US retail sales (flat M/M) and a weaker May Empire […]
24/09/2024

Will Core PCE Inflation Corroborate Bets for Another Double Fed Cut?

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08/05/2024

Japanese Yen Weakens Despite Government Warnings

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