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In focus today In the US, February retail sales and PPI are due for release today. Consensus expects a rebound in retail sales after the unusually weak January print, which might have been distorted by heavy seasonal adjustments at the start of the year. Markets will also follow if the sticky price pressures seen in […]

The post Focus on Swedish inflation and US Retail Sales appeared first on Action Forex.

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09/07/2024

Gold Wave Analysis

Gold reversed from resistance level 2400.00 Likely to fall to support level 2325.00 Gold today reversed down with the Bearish Engulfing from the key resistance level 2400.00 (which reversed the price at the start of June). The resistance level 2400.00 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of […]

Crypto Bargain-Hunters Are Back

Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before we can say that the bear attack has been […]
05/01/2024

USDCHF Sustains Weekly Gains Ahead of Jobs Data

USDCHF’s rebound is not convincing yet  A continuation above 20-SMA could boost sentiment US nonfarm payrolls report due at 13:30 GMT USDCHF is set to close the first week of the year within the positive area, having secured a strong foothold around the support-turned-resistance trendline from March 2023 at 0.8400 following the flash drop to an almost […]