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.
Daily Pivots: (S1) 212.28; (P) 212.75; (R1) 213.09; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Rebound from 207.20 should have completed with three waves up to 213.28. Deeper fall Read more…
The week started on a now-usual pattern, with oil prices pushing higher at the open and retracing part of their gains as investors digested the latest news from the Middle East. The major developments include Read more…
In focus today Today, focus continues to be on tensions in the Middle East and its impact on energy markets. Trump stated on Friday that the US will be hitting Iran “very hard over the Read more…