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Short-term technical analysis suggests a potential countertrend rebound with intermediate resistance at 16,890. China’s top policymakers’ reluctance to focus on making domestic demand revival a top priority for 2024 is likely to put a damper on positive animal spirits in the long term. A focus on making high-tech industrialization a top policy may trigger more […]

The post Hang Seng Index: Fed’s Dovish Pivot Provides a Temporary Breather appeared first on Action Forex.

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16/07/2024

ECB Could Disappoint Expectations for a Dovish Shift

ECB meets with near zero chances for a rate cut ECB members continue to disagree about the rates outlook A dovish shift looks unlikely as the focus rests with the Fed Euro showing unexpected strength despite political unrest ECB meets but all eyes remain on the US The ECB is preparing for the last meeting […]
15/08/2024

U.S. retail sales starts third quarter on an upbeat note 

Retail sales rose 1.0% for the month of July. That was much higher than the consensus forecast calling for a more moderate increase of 0.4%. However, June’s figure was revised downward to -0.2% month/month (previously flat). Trade in the auto sector was up 3.6% m/m, as the increase at motor vehicle dealers (4.0%) was partially […]
04/01/2024

NZD/USD Price Analysis: Improves to Near 0.6280, Focus on US Jobs Data

NZD/USD could face challenges on risk-off market sentiment. A break above 0.6300 could support the pair to approach the weekly high at 0.6329. The lagging indicator MACD could give confirmation of the downward trend. NZD/USD retraces its recent losses, trading higher around 0.6280 during the European session on Thursday. However, the NZD/USD pair faced challenges […]