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Core PCE price index to be crucial for markets amid sticky inflation fears Income and consumption to be watched too as US economy stays hot But can further upside surprises boost the dollar on Thursday, 13:30 GMT Will PCE gauge ease or fuel inflation worries? Even though the Fed has made great progress in its […]

The post US Dollar Eyes PCE Inflation Data After CPI Scare appeared first on Action Forex.

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29/10/2024

Bitcoin Price Regains Strength: Is The Rally Back On?

Key Highlights Bitcoin price started a fresh increase from the $65,200 zone. BTC surpassed a major bearish trend line with resistance at $68,100 on the 4-hour chart. Gold prices could surge further above the $2,765 resistance. EUR/USD is consolidating losses above the 1.0760 zone. Bitcoin Price Technical Analysis Bitcoin price started a fresh increase above […]
10/04/2024

Will Friday’s Data Add to Hopes of UK Exit from Recession?

Dovish BoE encourages more rate cut bets UK GDP for February expected to reveal slowdown The data comes out on Friday at 06:00 GMT Investors add to June rate cut bets after BoE decision With inflation in the UK coming down faster than previously expected, the Bank of England (BoE) appeared more dovish than expected […]
14/03/2024

AUDJPY Wave Analysis

AUDJPY reversed from key support level 97.20 Likely to rise to resistance level 98.50 AUDJPY currency pair recently reversed up from the key support level 97.20 (which stopped the previous minor corrections iv and a, as can be seen below) coinciding with the lower daily Bollinger Band. The support level 97.20 was strengthened by the […]