Tomorrow’s data could not only be the most important this week, but for the whole month. As we anticipated in Friday’s NFP podcast, there is a lot riding on US inflation data. That is particularly the case after the Fed promised to take a data-dependant approach. And of course inflation is the most important of […]
The post July US CPI: Has Inflation Peaked (Again)? appeared first on Action Forex.
Key Highlights Gold found support near $3,250 and started a fresh increase. A key bullish trend line is forming with support at $3,355 on the 4-hour chart. EUR/USD is moving higher above the 1.1550 resistance Read more…
USDJPY has been range-bound between 142.30 and 146.29 since mid-May, following a five-month downtrend. Volatility within the range has remained elevated, driven by a combination of geopolitical developments and key data releases impacting multiple asset Read more…
Trading at ~$71.37, WTI has fallen by over 2.30% in today’s session, undoing previous gains made in the Asian session. WTI (WTICOUSD): Key Takeaways Rallying to 5-month highs of ~$76.29 on Friday, WTI has retraced Read more…