The US inflation report and the European Central Bank’s policy meeting will share the limelight next week amid another round of ratcheting up of rate hike expectations by investors. Other critical data such as Chinese industrial output, Australian employment and New Zealand GDP estimates might thus get overshadowed. Meanwhile in the UK, it’s budget time […]
The post Week Ahead – US Inflation, ECB Decision to Test Markets’ Nerve appeared first on Action Forex.
Dollar Index broke through an important support overnight as recent decline accelerated, and hit the lowest level in three years. The selloff reflects a deepening flight out of US assets, as confidence continues to erode. Read more…
New Zealand recorded stronger-than-expected trade surplus of NZD 970m in March, far exceeding forecasts of NZD 80m. The surprise was driven by a robust 19% yoy increase in goods exports, which rose by NZD 1.2B Read more…
Key Highlights USD/CHF declined heavily below the 0.8380 and 0.8250 levels. A major bearish trend line is forming with resistance at 0.8150 on the 4-hour chart. EUR/USD rallied above the 1.0450 and 1.0500 resistance levels. Read more…