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Summary May’s CPI report will be an important test of the speed and magnitude to which higher tariff rates are being passed along to the consumer. We expect to see only a moderate advance in headline CPI (0.15%) in May as gasoline prices fell on a seasonally adjusted basis and food inflation appeared tame. But […]

The post May CPI Preview: Test of Tariffs appeared first on Action Forex.

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22/05/2025

Services Dragging Eurozone PMI Down

Flash Eurozone business activity moved into contractionary territory due to a sharp dip in the services sector. The Euro-region manufacturing PMI rose to 49.4, the highest reading since August 2022, but still in contractionary territory as it is below 50. The index shows that the sector has been gaining momentum since last December, which can […]
17/05/2024

Crypto Market Ready to Grow Further

Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers stepped up again, bringing capitalisation back to levels from the day before at $2.39 trillion. Strong growth was followed by rapid profit-taking, which is a necessary part of healthy growth, suggesting a high chance of continued gains in the coming […]
08/10/2024

JPY Pairs Approach Key Levels Rapidly

The USDJPY pair has pulled back after reaching its highest level since mid-August, dropping to around 148.00 before recovering slightly. The Japanese Yen gained strength due to comments from Japan’s Vice Finance Minister for International Affairs, which raised concerns about potential market intervention. Additionally, global risk sentiment shifted, with rising geopolitical tensions in the Middle […]