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Market Picture The crypto market stumbled on the last day of October, losing over 5.5% in 24 hours as investors turned to profit-taking. The drop coincided with the stock market entering a period of high uncertainty ahead of a mix of influential events: the NFP on Friday, the US election results on Wednesday and the […]

The post Crypto Takes a Step Back, Ready for Volatility appeared first on Action Forex.

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US: Payrolls Disappoint in October, But Unemployment Rate Holds Steady at 4.1% 

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21/05/2024

Metals Shine

The week kicked off with quite a solid appetite, especially for commodities. Gold advanced to a fresh record and traded at $2450 per ounce yesterday despite a further rebound in US yields after more Federal Reserve (Fed) members voiced their preference for keeping the rates ‘high for longer’. Loretta Mester said that she no longer […]
14/08/2024

Sunset Market Commentary

Markets July US CPI inflation figures printed very close to consensus. Monthly inflation accelerated both on a headline and on a core level to 0.2% M/M. Details showed food prices rising by 0.2% M/M, energy prices flat, and services (ex. energy) rising by 0.3% M/M. The main disinflationary impact came again from used cars and […]
26/01/2024

US: Economic Resilience Remains on Full Display in Q4 GDP Data 

Real GDP expanded by 3.3% quarter-over-quarter (q/q, annualized) in the fourth quarter of 2023 – well ahead of the consensus forecast calling for a more modest gain of 2%. For the year, real GDP grew by an impressive 2.5%. Consumer spending remained hot, rising 2.8% – a very modest deceleration from the 3.1% gain recorded […]