The EU releases its Flash CPI for March on Friday. Expectations are for a print of 6.6% YoY vs 5.9% YoY in February. Many are expecting that the Russian/Ukraine war may be starting to spark inflation and therefore, push oil and other commodity prices higher. Spain and Germany kicked things off today with harmonized prints […]
The post Precursor to Eurozone CPI Shows the Print May be Higher than Expected appeared first on Action Forex.
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…
GBP/USD’s fall from 1.3433 continued last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. Decisive Read more…