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Summary The February consumer price data came in a touch stronger than expected. The headline CPI increased 0.4% in the month, led by higher gasoline prices (+3.8%). Excluding food and energy prices, core inflation also registered 0.4%. However, the unrounded 0.36% bump in core CPI was not too far off our forecast for a 0.30% […]

The post February CPI: FOMC Still Searching for Confidence appeared first on Action Forex.

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06/03/2024

XAU/USD: Gold Retests Record High, Bulls Likely to Take a Breather Before Resuming

Steep rally extends into the fifth straight day on Tuesday, after the metal closed above $2100 level for the first time in history on Monday. Strong demand for safe haven bullion was sparked by further drop in the activity in US manufacturing sector and persistently weak consumer sentiment. Bulls retested key barrier at $2141 (gold’s […]
05/06/2024

Short Term Elliott Wave Structure in Oil (CL_F) Favors Downside

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15/05/2024

Sunset Market Commentary

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