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The dollar index remains within a narrow consolidation above new multi-month low which extends into fifth consecutive day. Larger bears are taking a breather after a sharp fall in past two weeks, when the dollar was deflated by imposed and subsequent delayed massive US import tariffs that dented investors’ confidence in US economic stability. Technical […]

The post Dollar Index: Narrow Consolidation to Precede Fresh Push Lower While 100 Level Caps appeared first on Action Forex.

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31/10/2024

All Eyes on Euro Area Inflation Today

In focus today In the euro area, HICP inflation data for October is released. With inflation data out from Spain, Germany, and Belgium, we track euro area HICP at 2.0% y/y today, above consensus expectations (cons: 1.9%) driven by broadly higher inflation also in core inflation, which we see unchanged at 2.7% y/y (cons: 2.6%). […]
26/07/2024

Cliff Notes: Waiting for a Clear Signal

Key insights from the week that was. In Australia, a scant local data calendar left participants mulling over the possibilities for next week’s crucial Q2 CPI update. Our preview provides the detail behind our forecasts. Food, health and housing are expected to be the main contributors to our headline inflation forecast of 1.0% (3.8%yr); housing […]
01/03/2024

The Inflation Puzzle

Thank God! Yesterday’s inflation report from the US wasn’t worse than expected. The core PCE index showed that, yes, the monthly inflation rose at the highest pace in a year, but that the yearly figure eased from 2.9% to 2.8%. Both figures matched market expectations. As such, yesterday’s data hinted at inflation uptick in January, […]