US CPI for November took markets by surprise for the second month in a row as the headline print was 7.1% YoY vs and expectation of 7.3% YoY and a previous reading 7.7% YoY. This was lowest reading since December of last year and the 5th consecutive month of declines after peaking in June at […]
The post US CPI Surprises for the Second Month in a Row. What Does it Mean for the Fed? appeared first on Action Forex.
We expect the Federal Reserve to keep its monetary policy unchanged at the March meeting, in line with consensus and market pricing. Powell will avoid giving firm forward guidance regarding the Fed’s reaction to the Read more…
EUR/USD halts sharp pullback, rebounding from July lows. But momentum signals and ‘death cross’ keep bearish bias intact. EUR/USD pares losses at a seven-and-a-half-month low near 1.1450 EUR/USD is attempting to recover some lost ground Read more…
EUR/USD is recovering losses from 1.1500. USD/JPY is correcting gains from 159.00 and might decline further if it stays below 158.30. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro struggled to stay in Read more…