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Stock markets are modestly higher on Thursday, recovering some of Wednesday’s losses as investors seemingly struggle to determine where things stand. There’s clearly a desperate desire to cling on to the optimism that enabled such a strong end to the year but unlike in that period, the data isn’t really playing ball. The releases we’ve […]

The post A Decent Rebound But More Data Needed to Justify Market Optimism appeared first on Action Forex.

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17/05/2024

Chinese Data Showed a Mixed, Rather Unconvincing Picture

Markets Triggered by Fed chair Powell ruling out a hike, then reinforced by sub-consensus payrolls & ISM’s and by an in-line easing of CPI earlier this week, the US Treasury rally grinded to a halt yesterday. That happened despite a slew of (secondary) US data disappointing to the downside (jobless claims, housing data, IP and […]
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Gold (XAUUSD) Holds Near Record Highs Amid Anticipation of Fed Rate Cut

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19/06/2024

AUDCAD Bulls Stay in the Driver’s Seat

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