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The week started on an ugly note except for those who have a long exposure to energy related assets. The crumbling dovish Federal Reserve (Fed) expectations at the wake of a blowout jobs report from the US and the mounting geopolitical tensions in the Middle East give investors a hard time at the start of […]

The post China Disappoints, Middle East Worries appeared first on Action Forex.

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RBA Minutes: Not Enough to Change, but a Shift in Financial Emphasis

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Gold Bulls Take a Rest After Rallying

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03/04/2024

US 500 Index Retreats from Record High

US 500 faces downside pressures for the second consecutive day More weakness possible, but key support levels are nearby The US 500 stock index (cash) opened negative on Tuesday, strengthening its negative momentum towards its 20-day exponential moving average (EMA), which has been buffering downside movements since the start of the year, around 5,185. With […]
26/07/2024

Performance of Dollar Again Unconvincing, Mixed at Best

Markets The IT-driven risk-off initially supported a classic safe haven run on core bonds yesterday. German yields at some point lost another 5-7 bps. However, equities gradually found a bottom going in the opening of US markets, looking forward the US data. US Q2 GDP growth printed higher than expected at 2.8% Q/Qa (1.4% in […]
22/06/2024

Weekly Economic & Financial Commentary: Global Central Bank Decisions Galore

Summary United States: Economic Data More Rice & Beans than Steak & Eggs Markets chewed on an array of economic data this week, and what was served was mostly gristle. A weak retail sales print suggests that consumers may finally be feeling some spending fatigue. Markets also received a three-course housing market update which painted […]