It has been a volatile week for risk markets, once again mostly driven by expectations regarding the first rate cuts by the big central banks. Euro area PMIs came out much stronger than expected, and service sector output prices increased, raising a question of whether the ECB was too complacent when they basically pre-committed to […]
The post Weekly Focus – Rate Cut Expectations Pushed Back Further appeared first on Action Forex.
The Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day. Earlier, the yen has broken below the symbolic Read more…
EURGBP gets rejected near SMAs; technical signals are negative There might be an opportunity for a rebound near 0.8300 Eurozone publishes CPI inflation data at 10:00 GMT EURGBP experienced another failure near its 20- and 50-day simple Read more…
USDCAD posts losses after 4½-year high RSI and stochastics confirm negative move USDCAD is moving lower after the bullish spike to the fresh four-and-a-half-year high of 1.4176, falling beneath the 1.4000 round number. The market Read more…