The Republican controlled House of Representatives threatens to risk the faith and credit of the U.S. as it engages in controversy over paying bills already incurred. As the nation braces itself for a widely predicted Read more…
EUR/GBP’s rise from 0.8545 resumed last week but quickly retreated after hitting 0.8896. Initial bias is turned neutral this week first. But further rally is expected as long as 0.8768 support holds. Above 0.8896 will Read more…
EUR/AUD edged lower last week but quickly recovered. Yet, upside is limited by 1.5614 resistance. Initial bias remains neutral this week first. Another fall cannot be ruled out, but strong support could be seen from Read more…
EUR/CHF’s rise from 0.9407 finally resumed by breaking through 0.9953 last week, and hit as high as 1.0095. But as a temporary top was formed with subsequent retreat, initial bias is turned neutral this week Read more…
Dollar was sold off broadly last week as a 25bps rate hike by Fed in February is now pretty much a done deal, after CPI data. On the other hand, Yen staged a strong rally Read more…
Monday, Jan 16, 2023 Tuesday, Jan 17, 2023 Wednesday, Jan 18, 2023 Thursday, Jan 19, 2023 Friday, Jan 20, 2023 The post Summary 1/16 – 1/20 appeared first on Action Forex.
CPI data was the highlight from last week as inflation continues to slow in the US. That should continue to be the case this week when Canada, the UK, and Japan all release December CPI Read more…
U.S. Highlights After fifteen rounds of votes, Kevin McCarthy was elected the new House Speaker. However, it didn’t come without making major concessions, setting the stage for more political brinksmanship over the coming months. Headline Read more…
Summary United States: War Not Yet Won on Inflation The December Consumer Price Index data was the most significant macroeconomic development of the week and showed modest deflation to finish 2022. We now expect the Read more…
The final Canadian inflation reading of 2022 will arrive next week. With the Bank of Canada’s highly-anticipated interest rate decision looming on Jan. 25, all eyes will be on this report and the BoC’s Q1 Read more…