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US CPI inflation could inch higher for the second month A December rate cut could stay a close call USDJPY pushes for some recovery, needs a break above 152.00 US nonfarm payrolls could not play down the odds of a 25bps December rate cut despite clocking in stronger than expected last week. But could a […]

The post US CPI Inflation: A Potential Headwind for a Rate Cut? appeared first on Action Forex.

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Upside Surprise in US CPI Will Strengthen January FOMC Pause

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24/10/2024

Elliott Wave View: CADJPY Has Reached Area Where Pullback Can Happen

CADJPY has already reached the extreme area from 8.5.2024 low. This suggests that pair is in the zone where it can start to see a pullback soon. Shorter cycle structure however looks incomplete and pair can see further upside a bit more. The rally from 9.30.2024 low is currently in progress as a zigzag Elliott […]
17/09/2024

Gold (XAUUSD) Holds Near Record Highs Amid Anticipation of Fed Rate Cut

Gold prices remained stable at around $2580 per troy ounce on Tuesday, hovering close to their record highs. This resilience in the gold market is largely driven by the weakening US dollar and heightened expectations for a substantial interest rate cut by the Federal Reserve. Current projections from the CME FedWatch tool indicate a 67% […]
02/04/2024

EURJPY Wave Analysis

EURJPY reversed from resistance level 164.30 Likely to fall to support level 162.00 EURJPY currency pair recently reversed down from the resistance level 164.30, former multi month high from the middle of November. The resistance level 164.30 was strengthened by the upper daily Bollinger Band. EURJPY currency pair can be expected to fall further to […]