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In focus today In the US, focus will be on the release of March CPI. The US is expected to report a slowdown in inflation, with consensus expecting headline inflation from 2.8% y/y to 2.5% y/y and core inflation consensus to drop marginally from 3.1% y/y to 3.0% y/y. The significant increase in tariffs has […]

The post Equities Rally, Inflation in Focus appeared first on Action Forex.

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22/07/2024

EUR/USD Outlook: Correction So Far Limited But Risk of Deeper Pullback Still Exists

EURUSD edges higher in European trading on Monday as bears are taking a breather after a two-day pullback from a multi-week high (1.0948). Rising 10DMA and Fibo 23.6% of 1.0666/1.0948 (1.0881) contained dips for now, signaling a scenario of shallow correction before larger bulls regain control. Talks about possible start of easing monetary policy as […]
31/07/2024

Gold Eyes New Gains: Will It Sparkle Again?

Key Highlights Gold is attempting a fresh increase from the $2,350 support zone. It cleared a connecting bearish trend line with resistance at $2,388 on the 4-hour chart. Oil prices extended losses and traded below $75.50. The US ADP employment could change by 150K in July 2024. Gold Price Technical Analysis Gold prices found support […]
05/06/2024

Sunset Market Commentary

Markets The US 10-yr yield tested 4.31% support after a small miss in May ADP employment change. The US economy added 152k jobs (vs 175k expected) with April figures marginally downwardly revised to 188k (from 192k). The deviation wasn’t big enough to trigger a strong market reaction both because of the solid nature of the […]