FOREX NEWS
Fundamental Analysis.
The Bears are back but The Bulls are Ready.
Trending: BRICS Countries boycott the US Dollar. Brazil, Russia, India, China and South Africa. More Countries to join from the UAE. United Arab Emirates. This will be a Counter Weight Currency for the Dollar.
Dollar Rebounds to 6 Month highs as EUR and GBP Fall.
1000 Italian Lire and 20 Mexican Pesos. Guess who is Worth More? Mexican Pesos.
Institutional Candle
We saw this Coming since April 2023.
As of February 13, 2024, the annual inflation rate in the United States was 3.1% for the 12 months ending in January 2024. This is lower than the 3.4% rate in December 2023 and the 9.1% peak in mid-2022. However, the current inflation rate is still higher than the Federal Reserve's 2% target level.
The US Inflation Rate is the percentage increase in price over a year for a selected basket of goods and services purchased in the US. One commonly used inflation metric is the consumer price index (CPI), calculated by the U.S. Bureau of Labor Statistics.