Markets Yesterday, a rather inconclusive outcome of the US midterm elections initially left markets looking for a clear driver. Sentiment gradually turned outspoken risk-off in US dealings with persistent uncertainty on the reopening of the Chinese economy due to COVID restrictions and noise spilling over from crypto markets as potential drivers. US equities ceded between […]
The post Long-Awaited US CPI Release Will Take Center Stage Today appeared first on Action Forex.
Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 159.74 will target a retest of 161.94. Firm break there will confirm Read more…
Headline CPI inflation cooled in February to 1.8% year-on-year (y/y) slightly below consensus expectations. The GST/HST break ended partway through February 2025, which lead to large price increases in that month, but puts downward pressure Read more…