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EUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core PCE inflation report, a significant factor in Federal Reserve decision-making. Yesterday’s data showed a larger-than-expected decrease in US unemployment claims […]

The post EUR/USD Continues to Struggle Amid US Inflation Concerns appeared first on Action Forex.

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US: Consumer Income and Spending Grow While Inflation Cools in May

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13/03/2024

XAUUSD: In Bearish Correction With Key Levels on H4

Bullish scenario: Intraday buys above 2160.00 with TP: 2171 and TP2: 2177, with S.L. below 2155.00 or at least 1% of account capital*. Apply trailing stop. Bearish scenario: Sells below 2177 with TP1: 2150, TP2: 2142, and 2126 with S.L. above 2185 or at least 1% of account capital*. Scenario from the H4 chart: The […]
18/06/2024

U.S. Retail Sales Eked Out a Gain in May 

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31/05/2024

Canada’s Economic Growth Rebound Misses Expectations in the First Quarter 

The Canadian economy grew by 1.7% quarter/quarter annualized (q/q) in 2024 Q1, while 2023 Q4 was revised lower (+0.1% q/q from +1.0%). Furthermore, the flash estimate for April showed a +0.3% monthly increase. Stripping out external factors, final domestic demand came in at a very strong 2.9% q/q. Consumer spending supported growth, rising by +3.0% […]