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Summary United States: Labor Market Cooling but Far from Cold With fresh updates on a variety of indicators, particularly those associated with the labor market, the past week’s performance continued to help shape the narrative heading into the March FOMC meeting. Beating expectations, total nonfarm payrolls increased 275K in February. Next week: CPI (Tue.), Retail […]

The post Weekly Economic & Financial Commentary: G10 Central Banks Sitting Tight appeared first on Action Forex.

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14/03/2024

U.S. Retail Sales Rebound in February

Retail sales rose 0.6% month-on-month (m/m) in February, reversing most of January’s -1.1 % decline (revised from -0.8% previously). This was lower than the consensus forecast calling for slightly stronger growth of 0.8%. Trade in the auto sector was up 1.6% m/m, reflecting an increase in sales at motor vehicle dealers (1.8%) which was partly […]
28/05/2024

GBPUSD Challenges New 2-Month High

GBPUSD creates upside rally from five-month low Stochastic and RSI hold in overbought areas GBPUSD has been in a steady uptrend over the last month, posting a fresh two-month high of 1.2782 and remaining well above the short-term simple moving averages (SMAs). Technically, the pair is sailing near overbought waters according to the stochastic oscillator. […]
17/06/2024

EURUSD Battles With 61.8% Fibo

EURUSD drops to a fresh 1-month low after violating SMAs Quickly recoups some losses and challenges 61.8% Fibo Oscillators suggest that bearish forces are strengthening EURUSD has undergone some volatile sessions in the past few days, eventually dipping beneath both its 50- and 200-day simple moving averages (SMAs), to a fresh one-month low. Also, the pair broke […]