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US CPI and PMI data to test dovish Fed cut bets. UK inflation figures may impact chances of another BoE cut in 2025. Canadian and Japanese CPI numbers are also due out. Eurozone flash PMIs could revive ECB rate cut expectations. Investors maintain dovish Fed cut bets The dollar began the week on a strong […]

The post Week Ahead – CPI and PMI Data Flood the Agenda, Earnings Also in Focus appeared first on Action Forex.

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WTI Oil: Bears May Take a Breather to Position for Fresh Push Lower

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28/03/2024

A First Fed Rate Cut in June Seems Highly Premature

Markets German Bunds outperformed US Treasuries yesterday on milder than expected Spanish CPI and soft comments from Italian ECB board member Cipollone. He suggested that the ECB might be able to reduce rates swiftly as the to give the economy a chance to recover as inflation eases. German yields declined between 5.8 bps (5 & […]
18/11/2024

Gold Bulls Make a Move; Need Access Above 2,600

Gold makes recovery attempt after aggressive sell-off Technical signals welcome a bullish pivot but there is a wall at 2,600 Gold bounced up on Monday with scope to test the 2,600 round level after its two-week freefall paused near the constraining zone of 2,545. The precious metal has retraced half of its record rally from […]
05/09/2024

WTI Crude Oil Wave Analysis

WTI crude oil broke key support level 71.40 Likely to fall to support level 68.00 WTI crude oil recently broke sharply below the key support level 71.40 (which has been repeatedly reversing the price from the start of February). The breakout of the support level 71.40 accelerated the active impulse wave c of the medium-term […]