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Japan’s Nikkei225 index hit new highs since February 1990 on Thursday morning and climbed above 35000. The rise accelerated sharply this week after breaking above the 34000 level, which acted as resistance in the second half of 2023. The fundamental reason for buying was the dramatic drop in expectations that the Bank of Japan would […]

The post Nikkei225 Needs a Breather But Hardly Done Ascending appeared first on Action Forex.

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15/08/2024

U.S. retail sales starts third quarter on an upbeat note 

Retail sales rose 1.0% for the month of July. That was much higher than the consensus forecast calling for a more moderate increase of 0.4%. However, June’s figure was revised downward to -0.2% month/month (previously flat). Trade in the auto sector was up 3.6% m/m, as the increase at motor vehicle dealers (4.0%) was partially […]
14/08/2024

RBNZ August 2024 MPS Review: Ready… Steady… Go!

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26/07/2024

US: Consumers Close Q2 on an Upbeat Note, But Momentum Unlikely to be Sustained

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