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United Kingdom Nationwide Housing Prices s.a (MoM) above forecasts (0%) in November: Actual (0.3%)

In focus today In the euro area, focus turns to the flash inflation data for November. On Friday we received data from the biggest four countries, which came in lower than expected pointing to unchanged headline inflation at 2.1% y/y and core at 2.4% y/y in November in line with our initial forecast but below […]

The post US ISM Manufacturing Weakens, Reinforcing Fed Rate Cut Expectations appeared first on ActionForex.

Market sentiment steadied across Asia today, with most assets drifting in tight ranges after Monday’s volatility. The overnight selloff in the US was modest, and fears that Japan-led risk aversion would spill aggressively into global markets did not materialize. While pockets of unease lingered—particularly in the tech space following Bitcoin’s slump—the broader tone has remained […]

The post Markets Stabilize After Robust JGB Auction, Retroactive US Tariff Relief for Korea appeared first on ActionForex.

The EUR/GBP cross holds steady near 0.8785 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone later on Tuesday. 

There are just a couple to take note of on the day, as highlighted in bold below.

They are for USD/JPY at the 155.00 and 156.00 levels. So, that sort of puts a pairs of bookends on price action. But amid the rebound today after the daily close held above 155.00 yesterday, buyers are hoping to try and reclaim back some near-term control. The 156.00 level will be of interest with the 100-hour moving average now sitting nearby at 156.01 before the 200-hour moving average at 156.42. As such, the expiries above adds another layer that needs to be chewed through on any further upside extension in the session ahead.

For more information on how to use this data, you may refer to this post here.

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This article was written by Justin Low at investinglive.com.

The AI infrastructure buildout is creating shortages of components including various types of chips that are also used in consumer electronics.

GBP/USD is battling 1.3200 in the early European trading hours on Tuesday, consolidating the previous sharp retracement from five-week highs of 1.3276.

New RBNZ Governor Anna Breman used her first appearance before a parliamentary committee to underline a back-to-basics approach for the central bank. She said her leadership will be “laser focused” on the core mandate of keeping inflation low and stable, ensuring financial system resilience, and maintaining a safe and efficient payments framework. Her comments signal […]

The post RBNZ’s Breman sets tone for Leadership: Mandate discipline and public trust appeared first on ActionForex.