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In focus this week Today, in the euro area, we receive the Sentix investor confidence indicator, providing the first assessment of sentiment in November. Focus is also on the final manufacturing PMI data for October. On Tuesday, the US election takes place and is the major highlight of the week. Donald Trump is the small […]

The post US NFP Surprise to the Downside as Election Looms appeared first on Action Forex.

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Cable Moving into Resistance Ahead of BoE

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19/02/2024

Week Ahead North America – FOMC Minutes Key, Canadian Inflation in Focus

Is March a live meeting for the Fed? Inflation data in focus as markets eye July BoC rate cut FOMC minutes could tell us how close they are to rate cuts It’s been a turbulent start to the year, one in which we’ve seen significant shifts in expectations for the economy, interest rates, and the […]
06/09/2024

US: Despite Broader Growth Concerns, Service Sector Improves

Summary The services ISM notched a modest gain in August, quelling for now concerns about stalling growth. While the prices paid measure rose, the employment measure indicates a jobs market that is in a decidedly lower gear than it was as recently as earlier this year. ISM Rises to Three-Month High A run of lousy […]
05/11/2024

US 500 Index Recoups Some Losses in Short-Term

US 500 index rebounds off 50-day SMA RSI and MACD weaken their momentum The US 500 index has paused its bearish correction near the 5,720 support level and the 50-day simple moving average (SMA). The price is currently standing beneath the short-term uptrend line, with the technical oscillators indicating weakening momentum. The RSI is moving […]