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Retail sales rose 0.1% for the month of May. Additionally, April’s figure was revised downward to -0.2% month/month (previously flat). The reading was lower than the consensus forecast calling for an increase of 0.3%. Trade in the auto sector was up 0.8% m/m, reflecting increases both at motor vehicle dealers (0.8%), and automotive parts and […]

The post U.S. Retail Sales Eked Out a Gain in May  appeared first on Action Forex.

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05/09/2024

Loss of Interest Rate Support Weighed on Dollar

Markets Yesterday’s JOLTS report was yet another perfect illustration of market’s high sensitivity to the labour market since Fed chair Powell bombarded it to the single most important theme for policy. July Job openings in the US tumbled from a downwardly revised 7.94 mln to 7.67 mln, undershooting consensus by about 400k. Resisting the urge […]
03/09/2024

Sunset Market Commentary

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19/08/2024

Gold Price Surpasses $2500 for the First Time

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