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The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in February, or less than half of the monthly gain in January. On a twelve-month basis, CPI was up 2.8% (from 3.0% in January). Energy prices were relatively flat on the month, while food prices (+0.2% m/m) continued to edge higher and are up 2.6% on […]

The post US: CPI Cools in February, But Likely to Pick Up Over the Coming Months as Tariff Effects Take Hold   appeared first on Action Forex.

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16/01/2025

Bitcoin Bulls Face Obstacles: Can They Reclaim $100K?

Key Highlights Bitcoin price found support at $90,000 and started a recovery wave. BTC cleared a declining channel with resistance at $94,800 on the 4-hour chart. Ethereum price is struggling to stay above the $3,000 support zone. Gold might continue to rise toward the $2,720 zone. Bitcoin Price Technical Analysis Bitcoin price found support and […]
18/09/2024

Market Analysis: EUR/USD Strengthens While USD/CHF Faces Hurdles

EUR/USD started a fresh increase above the 1.1050 resistance. USD/CHF declined and now struggling below the 0.8500 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro surged after it broke the 1.1050 resistance against the US Dollar. There is a connecting bullish trend line forming with support near 1.1125 on the hourly chart […]
03/02/2025

A U.S.-Canada Trade Shock Now in Play: First Economic Takeaways

Canada has been hit with its largest trade shock in nearly 100 years. RBC Economics now finds itself balancing the desire to produce a clear analysis with the recognition that the evolution of trade policies, and policymakers’ responses to them, still remains highly uncertain. Still, we now have a growing list of “knowns” compared to a week […]