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US retail sales expected to have risen again in December Strong dataset could dampen speculation of rapid Fed rate cuts Data due at 13:30 GMT Wednesday, crucial for dollar’s path Waiting for Fed rate cuts The US economy put in a stellar performance last year. Real economic growth remained around 3%, fueled by resilient consumer […]

The post Dollar Stalls, Turns to US Retail Sales for Direction appeared first on Action Forex.

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07/03/2024

SPX 500 Technical: Bulls Getting Tired

In the past two weeks, the US SPX 500 has continued its pace of acceleration and hit another fresh all-time of 5,150 on Monday, 4 March. However, under the surface, there are signs of weakness from a sector rotation perspective. The SPX 500 is broken down into 11 key sectors and relative performance among the […]
16/07/2024

Trump Trade, China Trade, Reflation Trade, AI Trade

There are a few stories developing at the same time: The Trump trade consists of going long Bitcoin and equities (especially gunmakers, oil producers) and short the long term treasuries on expectation of exploding US debt with tax cuts, higher spending and growth supportive Trump policies. The yield on 30-year Treasuries yesterday surpassed the rate […]
17/05/2024

Pound Edges Lower, Markets Eye FedSpeak

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar. Wednesday’s inflation release showed CPI dipping in April, reversing the trend of the past […]