admin

• Prior month 57.0
• University of Michigan sentiment final April 52.2 versus 50.8. Prior month 57.0
• Current conditions 59.8 versus 56.5 estimate. Preliminary 56.5. Prior month 63.8
• Expectations and 47.3 versus 47.1 estimate. Preliminary 47.2. Prior month 52.6

inflation expectations

• 1 year inflation expectations 6.5% versus 5.0% last month. Preliminary 6.7%
• Five year inflation expectations 4.4% versus 4.1% last month. Preliminary 4.4%

The data is better than expectations and better than the preliminary. Overall, the soft data has been weaker while the hard data has been hanging in there. Weekly initial jobless claims are still solid

Although the data is higher, the sentiment index is still relatively low (see the chart above)

This article was written by Greg Michalowski at www.forexlive.com.

The Pound Sterling (GBP) bounces back against its major peers on Friday after the release of surprisingly positive UK Retail Sales data for March.

Markets No dominant market moving story or headlines to guide broader markets today. President Trump’s communication on next steps in the developing (or non-developing) trade negotiations with trading partners are not unequivocal and subject to debate. In an interview with Time, the US President indicates that he expects to conclude trade deals with partners in […]

The post Sunset Market Commentary appeared first on Action Forex.

The USD/JPY pair is expected to conclude the week on a positive note above 143.00. The pair surges to near 143.50 on Friday as the US Dollar (USD) has resumed its recovery move on hopes that United States (US) President Donald Trump is close to make deals with number of his trading partners.

United States Michigan Consumer Expectations Index registered at 47.3 above expectations (47.2) in April

United States UoM 1-year Consumer Inflation Expectations registered at 6.5, below expectations (6.7) in April

United States UoM 5-year Consumer Inflation Expectation in line with forecasts (4.4%) in April

United States Michigan Consumer Sentiment Index registered at 52.2 above expectations (50.8) in April

The AUDUSD extended higher on Monday, Tuesday, and Wednesday, but each rally stalled within a key swing area resistance between 0.6429 and 0.6442. This zone has consistently capped upside momentum throughout the week. It was initially defined going back to November and December of 2024. It wasn’t until this week that the price returned to that level.

On the downside, the pair initially found support on Wednesday at the rising 200-hour moving average. However, later that day, the price broke below the 200-hour MA and attempted to hold under it—but ultimately found renewed buyers near a lower swing area between 0.6321 and 0.6344. Both Wednesday’s and Thursday’s lows bounced from that zone, helping to define it as firm support.

In between those areas sit the 100- and 200-hour moving averages, currently at 0.6394 and 0.6383 respectively. The pair is now trading just below the 200-hour MA, tilting the near-term bias slightly to the downside.

Still, AUDUSD remains locked within the broader range that has contained price action since April 15, reflecting indecision and two-way flows. In the video above, I walk through the key technical drivers, highlight the pivotal levels, and outline how traders can build strategies around these boundaries.

This article was written by Greg Michalowski at www.forexlive.com.

Retail sales contracted by 0.4% month-on-month (m/m) in February, in line with the Statistics Canada’s advanced estimate. After adjusting for inflation, the volume of retail sales posted a 0.4% m/m decline. The biggest drag came from motor vehicle and parts dealers, where sales fell 2.6% m/m, building on January’s weakness. Ex-autos, sales were flat. Receipts […]

The post Canada: Retail Sales Decline for the Second Consecutive Month amid Tariff Storm appeared first on Action Forex.