DailyForex

1 day ago | dailyforex.com | Adam Lemon

My previous AUD/USD signal on 15th April was not triggered, as none of the key support or resistance levels given were reached that day. Today’s AUD/USD SignalsRisk 0.50%Trades may only be entered before 5pm Tokyo time Thursday. Short Trade IdeasGo short following a bearish price action reversal on the H1 time frame immediately upon the next touch of $0.6460, $0.6467, or $0.6491. Place the stop loss 1 pip above the local swing high.

1 day ago | dailyforex.com | Adam Lemon

Read ReviewSummary: Markets are showing little movement ahead of US PPI and retail sales data due later today. Markets are mostly quiet and relatively directionless, although it can be said that key US stock indices remain quite near their recent highs, so the line of least resistance is probably bullish. Markets will probably take direction from the PPI and Retail Sales data.

2 days ago | dailyforex.com | Kenny Fisher

The US consumer price index (CPI) rose 2.3% year-on year in April, down from 2.4% in March and below the market estimate of 2.4%. This was the lowest annual inflation rate since February 2021. Gasoline prices dropped sharply and a steep decline in egg prices sent grocery prices lower. Monthly, CPI rose to 0.2% from -0.1%, below the market estimate of 0.3%. Core CPI, which excludes food and energy and is considered a better gauge of inflation trends, remained unchanged at 2.8% year-on-year.

2 days ago | dailyforex.com | Adam Lemon

My previous EUR/USD signal on 17th April gave a losing long trade from a bullish rejection of the support level identified at $1.1345. Today’s EUR/USD SignalsRisk 0.75%. Trades may only be taken prior to 5pm London time today. Short Trade IdeasShort entry following a bearish price action reversal on the H1 timeframe immediately upon the next touch of $1.1241, $1.1272, or $1.1322. Put the stop loss 1 pip above the local swing high.

2 days ago | dailyforex.com | Adam Lemon

Read ReviewUS CPI (inflation) data released yesterday showed inflation slightly lower than expected, boosting US stock markets and risk-on sentiment. Yesterday's release of US CPI (inflation) data was slightly better than expected. The annualized rate was expected to remain unchanged from last month at 2.4%, but it ticked a fraction lower to 2.3%. Both Core CPI and regular CPI were expected to show a month-on-month increase of 0.3% but the actual rates were 0.2%.