Logo-color Logo-white

Retail sales was virtually unchanged month-over-month in June. Despite this, the reading was still higher than the consensus forecast calling for a decrease of -0.3%. Additionally, May’s figure was revised upwards to a 0.3% monthly gain (previously 0.1%). Trade in the auto sector was down -2.0% m/m, as the increase at automotive parts and accessory […]

The post U.S. Headline Retail Sales Flat in June, But Core Accelerated appeared first on Action Forex.

previous

EUR/USD Rate Set a 16-Week High

next

Gold’s Astounding Rally and the Challenges Ahead

Read More

06/09/2024

Canada’s Labour Market Continued to Cool in August

Canada’s labour market added a modest net 22k new positions, roughly on expectations. However, all the gains were in part-time job positions, which rebounded 66k after losses in July. Full-time positions gave back 44k. Growth in the labour force outpaced job gains, pushing the unemployment rate up two tenths to 6.6%, slightly higher than expected. […]
25/01/2024

USDCAD: Key Levels to Consider for Further Upside or Deeper Correction

Bullish Scenario: Consider buying at levels 1.3428 or 1.3462 with take profit targets at 1.3990 (TP1), 135.00 (TP2), and 1.3510 in extension (TP3). It is recommended to set a stop loss (S.L.) below 1.3410 or at least 1% of the account capital**. Bearish Scenario: Selling below 1.3460 (waiting for a retracement to the zone) with […]
15/07/2024

Gold’s Rally Stalls at 7-Week High

Gold jumped to its highest level since May 22 last week But fails to extend rally, trading flat in past couple of sessions Despite latest weakness, oscillators remain positively tilted Gold has been experiencing solid gains since late June, with the break above its 50-day simple moving average (SMA) and restrictive trendline brightening the short-term technical outlook. […]