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Dollar traders await US CPI data amid global trade turbulence. RBNZ to cut by 25bps, could maintain dovish stance. China’s CPI and PPI to reveal tariff impact on inflation. Strong UK GDP data could help the pound climb higher. Trump’s “Liberation Day” increases recession fears The dollar suffered against all its major peers this week, […]

The post Week Ahead – US CPI and RBNZ Decision on Tap Amidst Tariff Mayhem appeared first on Action Forex.

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22/07/2024

USD/JPY: Another Potential Relief Rally Leg Looms for JPY

A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential Election race. A resurgence of Trumponomics that may be challenged which in […]
17/06/2024

For EUR/USD, Further Decline to 1.06 Support the Path of Least Resistance

Markets The French/Macron-driven risk-off continued to rage across European markets last Friday. European risk premia again leaped aggressively higher. After a protracted period of underperformance against swap, German Bunds fully picked-up their traditional safe haven role. German yields declined between 10.7 bps (5-y) and 14.1 bps (30-y), a move that is difficult to link to […]
16/10/2024

XAU/USD Outlook: Bulls Hold Grip for Retest of New Record High

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