Logo-color Logo-white

The ISM Services index slipped to 52.6 in February from 53.4 in January, just shy of the 53.0 consensus expectation. However, growth did become more widespread, with 14 of 18 industries reporting growth for the month – up from ten in January. The business activity sub-index rose to 57.2, while the new orders index ticked […]

The post ISM Shows Services Sector Expansion Continued in February appeared first on Action Forex.

previous

Bitcoin Will Have to Settle Here

next

Gold Price Surges Above $2,100, Bitcoin Sets New ATH

Read More

01/04/2024

Gold Wave Analysis

Gold rising inside weekly impulse wave 3 Likely to rise to resistance level 2300.00 Gold rising inside the sharp weekly impulse wave 3, which recently broke the resistance trendline of the daily up channel from November. The breakout of this up channel coincided with the breakout of the key resistance level 2200.00, which stopped the […]
29/12/2023

Week Ahead – US Jobs Report and Eurozone Inflation to Kickstart the New Year

NFP report and Eurozone CPI will be the week’s focal point on Friday FOMC minutes and ISM PMIs will also be crucial for the US dollar Canadian employment and Chinese PMIs might attract attention too Rate cut bets in overdrive It’s been one big rollercoaster ride for the US dollar in 2023, as hopes of […]
14/03/2024

March Flashlight for the FOMC Blackout Period

Summary We do not expect the FOMC to change the federal funds rate or alter its current pace of balance sheet runoff at its upcoming meeting on March 19-20. Since the Committee last met, the U.S. inflation data have come in a bit stronger than expected, while the labor market generally has remained resilient. With […]