Dollar falls broadly after slightly lower than expected ISM Services PMI reading. But more importantly, employment component was back in contraction while price component dipped notably. GBP/USD’s rebound from 1.2517 resumed by breaking through 1.2708 resistance. The development argues that corrective from 1.2826 has completed at 1.2517 already. Further rise is now in favor to […]
The post GBP/USD upside breakout after US ISM services miss appeared first on Action Forex.
Japan’s producer inflation moderated in February, offering some relief on the domestic cost front even as import prices surged. Producer Price Index rose 2.0% yoy, slowing from January’s 2.3% pace and coming in slightly below Read more…
ECB President Christine Lagarde signaled that policymakers will remain vigilant against inflation risks stemming from the Iran war while avoiding hasty decisions in the face of heightened uncertainty. In an interview with France2, Lagarde said Read more…
During my career reporting on mortgage rates and home buying and selling trends, I have often paid close attention to real estate technology company Zillow’s published research that often includes making housing market predictions. Zillow Read more…