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Markets Friday’s US combination of slightly softer than expected September inflation with strong headline October PMIs & weaker output price pressures offered fertile breeding ground for stock markets. Business confidence for the year ahead deteriorated on lingering tariff concerns but that nuance was lost on Wall Street. Bourses gapped higher towards new record highs. US […]

The post A Flurry of Positive Trade News Keeps the Party Going appeared first on Action Forex.

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12/07/2024

Soft US CPI Boosts Reflation Trade

I don’t know for the Federal Reserve (Fed) but investors definitely got to the evidence that inflation is on a right path to justify a Fed rate cut sooner rather than later yesterday after the latest CPI report printed a slower-than-expected figures both for headline and core inflation, both on a monthly and on a […]
13/06/2025

EURCHF Wave Analysis

EURCHF: ⬇️ Sell EURCHF reversed from the resistance zone Likely to fall to support level 0.9300 EURCHF currency pair recently reversed down from the resistance zone between the key resistance level 0.9410 (which has been reversing the price from April), the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from […]
26/05/2025

Sunset Market Commentary

Markets European markets have to find out the direction of travel on their own as the US (Memorial Day) and UK markets (Spring Bank Holiday) enjoy a long weekend. In addition, there were no data with market moving potential scheduled for release. European investors were ‘happy’ as president Trump during the weekend made another U-turn […]