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US equity markets tumbled due to President Trump’s tariff proposals, raising global growth concerns. Federal Reserve Chair Jerome Powell acknowledged tariffs’ impact, emphasizing monitoring inflation and waiting for more data. The upcoming week focuses on further tariff developments, US jobs data, and central bank decisions in Australia and New Zealand. Technical analysis shows that the […]

The post Markets Weekly Outlook – FOMC Minutes, Tariff Developments and Inflation Ahead appeared first on Action Forex.

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Focus on Inflation Trends in Canadian Business Survey and U.S. CPI

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EUR/USD Trims Gains, Can This Support Hold?

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05/01/2024

EUR/USD Slips, Eurozone Inflation Rises

Eurozone inflation rises, core rate dips US nonfarm payrolls expected to drop to 177,000 The euro is in negative territory on Friday. In the European session, EUR/USD is trading at 1.0908, down 0.33%. Eurozone inflation rises to 2.9% Eurozone inflation has been falling and dropped to 2.4% y/y in November, within striking distance of the […]
14/03/2024

GBP/USD: Remains Constructive Ahead of US Data

Cable is probing above 1.2800 mark in early Thursday, adding to initial signals that shallow correction from new 8-month high (1.2893) might be over. Two-day pullback was contained by rising 10DMA, with strong downside rejection on Wednesday, pointing to solid bids and signaling that larger bulls remain firmly in play. Technical picture on daily chart […]
13/05/2024

Gold Price (XAU/USD) Is Testing an Important Resistance Zone

On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle – shown in green), the price of gold dropped sharply (shown by a black arrow) on April 22-23. 2) Then, the price found support in the […]