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In focus today Today, in the euro area, we receive the Sentix investor confidence indicator which will give us the first estimate of sentiment in June. We expect little to no market reaction to the European Parliament elections this past weekend, despite its status as a significant political event. Historical data suggests that these elections […]

The post Strong US Labour Market Report Sends Yields Sharply Higher appeared first on Action Forex.

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29/06/2024

The Weekly Bottom Line: Services Spending and Prices Starting to Settle

U.S. Highlights Headline PCE inflation came in flat for the month of May and core PCE inflation eased. Personal income posted a strong gain last month, while spending growth was more moderate, leading to an uptick in the savings rate. The heat in the economy still looks mainly to be in the service sector, as […]
16/01/2024

Pound Enters Correction Phase

The British Pound has lost around 0.5% against the Dollar since the start of the day on Tuesday, falling to 1.2660. Markets have eased expectations for aggressive US interest rate cuts. In addition, UK employment data was released that provided new evidence of a slowdown. The fresh report for the three months to November showed […]
03/06/2024

AUD/USD: Bulls Regain Control After a Healthy Correction

AUDUSD stands at the front foot on Monday and extends advance into third straight day, pressuring pivotal barrier at 0.6680 (recent range ceiling). Fresh strength further improves near term outlook, boosted by positive signal from formation of a higher base at 0.6590 (May 24/30 double-bottom), which signaled a healthy correction from 0.6714 (May 16 top, […]