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U.S. Highlights Lower borrowing costs are showing up in the housing market with existing home sales rising modestly in November for the first time in five months. Housing starts also jumped to a nineteen-month high on the month. Personal spending remained solid in November, bolstered by stable income growth, while inflation continued to moderate. The […]

The post The Weekly Bottom Line: A Healthy Dose of Holiday Cheer’ appeared first on Action Forex.

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06/02/2024

ISM Shows Services Sector Expansion Accelerates in January

The ISM Services PMI jumped to 53.4 in January from 50.6 in December, comfortably beating the 52.0 consensus expectation. Ten industries out of 18 reported growth for the month – up from nine in December. The business activity sub-index was unchanged at 55.8, while the new orders index rose to 55.0 from 52.8 in December. […]
09/04/2024

US Consumer Price Index CPI – USD/JPY Technical Analysis

US Consumer Price Index – CPI The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components, including Energy, Food, and Durable Goods Prices, mainly drove the decline. However, the decline stalled during the last quarter of 2023, […]
27/03/2024

Crypto Market: A Breather After the Climb

Market picture The capitalisation has stabilised around the $2.63 trillion level, losing 1.7% in 24 hours, but very close to where it was at the end of the day on Monday. Bitcoin is down 1.2%, Ethereum lost 2.3%, BNB sank 3%, and Solana is minus 4%. On the surface, the trend is for a deeper […]