Why US CPI and Pce Inflation Figures Diverge
US PCE inflation has outstripped CPI inflation in recent months (in contrast to historical trends). This was especially the case for core inflation. The divergence is caused by important weight…
Gold stays under pressure after break of key technical level this week
The story for precious metals now is that it looks like things will get much worse before they get any better. The fate of gold and silver is largely tied…
EURAUD Wave Analysis – ActionForex
EURAUD: ⬆️ Buy – EURAUD broke resistance zone – Likely to rise to resistance level 1.6600 EURAUD currency pair recently broke the resistance zone between the resistance level 1.6360 (which has…
Swiss Franc remains subdued as traders adopt caution due to Middle East concerns
USD/CHF extends its gains for the fourth successive day, trading around 0.7990 during the Asian hours on Wednesday. The pair may further appreciate as the safe-haven demand could support the…
Platinum Wave Analysis – ActionForex
Platinum: ⬇️ Sell – Platinum broke key support level 1835.00 – Likely to fall to support level 1660.00 Platinum recently broke the support zone between the key support level 1835.00 (which has…
EUR/USD Price Forecast: Flattens around 1.1545 ahead of US Inflation data
The EUR/USD pair trades in a tight range around 1.1545 during the Asian trading session on Wednesday. The major currency pair consolidates as the US Dollar (USD) trades calmly ahead…
Gold Loses Ground with a Major Inflation Test Just Ahead
Key Highlights Gold started a fresh decline below the $4,400 support. A major bearish trend line is forming with resistance at $4,480 on the 4-hour chart. WTI Crude Oil extended…
Iran strikes US bases in Jordan, Kuwait and Bahrain as retaliation widens across region
This is a categorically different order of escalation. Long-range missile strikes on Al-Azraq in Jordan, home to F-35 infrastructure and command-and-control facilities, signal that Iran is prepared to hit high-value…
USDJPY Steadies Above 160 on Looming Intervention
USDJPY remains firm and holds above 160 level for the third consecutive day, despite repeated warnings from Japan’s officials about intervention. Growing speculations about Fed rate hike this year continue…
The NZD, AUD and CAD are all rising vs the USD with the help of risk-on flows.
The NZDUSD and AUDUSD fell sharply last week, with the help of the stock liquidation on Friday. That led to risk off flows for the currencies and a flight into…
