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Summary United States: The Calm Before the Storm Was it an unwillingness to share the limelight with the world’s central banks or just a quirk of the domestic economic calendar? Either way, it was an extraordinarily light week for U.S. economic data. Next week: Consumer Price Index (Wed.), Retail Sales (Wed.), Industrial Production (Thu.) International: […]

The post Weekly Economic & Financial Commentary: The Calm Before the Storm appeared first on Action Forex.

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09/09/2024

Sunset Market Commentary

Markets Friday’s payrolls were soft but not that weak for markets to be sure that the Fed will start its easing cycle with a 50 bps step next week. In final comments before the start of the blackout period for Fed-communication, Fed’s Waller rubberstamped a ‘series of rate cuts’, but said to remain ‘open minded […]
27/03/2024

GBP/USD Dives While USD/CAD Gains Bullish Pace

GBP/USD declined below the 1.2665 support zone. USD/CAD is rising and might aim for more gains above the 1.3610 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There was a break below a key rising channel with support at 1.2630 on the […]
08/01/2024

USD/JPY Edges Lower Ahead of Tokyo Core CPI

US nonfarm payrolls rise more than expected to 216,000 Tokyo Core CPI expected to ease to 2.1% The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5% against the US dollar, which has […]