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In focus today The most important data release today will be the US May CPI. We forecast headline inflation at +0.2% m/m SA (2.5% y/y) and core inflation at +0.2% m/m SA (2.9% y/y) – slightly below consensus on the latter. We expect firms to gradually pass through the rising tariff costs to core goods […]

The post US CPI Takes Centre Stage Today appeared first on Action Forex.

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11/10/2024

EURGBP Wave Analysis

EURGBP reversed from resistance zone Likely to fall to support level 0.8340 EURGBP currency pair recently reversed down from the resistance zone located between the key resistance level 0.8400 (former strong support from June, July and August) intersecting 20-day moving average and the 618% Fibonacci correction of the downward impulse from September. The downward reversal […]
05/04/2024

US: Payrolls Surprise to the Upside (Again), Unemployment Rate Ticks Down to 3.8% 

Non-farm employment rose by 303k in March, considerably above the consensus forecast of 213k. Job gains in the two prior months were also revised higher by a combined 22k. Private payrolls rose 232k, with the bulk of service sector gains (212k) concentrated in health care & social assistance (81.3k) and leisure & hospitality (49k). Hiring […]
21/02/2025

Crypto Market Completes Initial Rebound, Nearing Key Resistance

Market picture The cryptocurrency market has added 1.3% in the last 24 hours to $3.24, approaching the upper boundary of the consolidation range after the collapse in early February. Only the ability to rise above $3.3 trillion would signal an exit from consolidation and be a prologue for a return to the $3.50 area or […]