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The ISM Services index was virtually unchanged in August, coming in at 51.5 from 51.4 in July, and virtually in line with the 51.4 expected. Like last month, ten of 18 industries reported growth for the month. The business activity sub-index showed a slight deceleration in growth, but stayed in the black at 53.3, while […]

The post ISM Shows Services Sector Continued to Grow in August appeared first on Action Forex.

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08/06/2024

Weekly Economic & Financial Commentary: G7 Central Banks Ease into Summer with Rate Cuts

Summary United States: July Cut Bites the Dust; September Hanging on Edge of Its Seat The strong job gain and rebound in average hourly earnings in May reaffirm our expectation that a rate cut remains some time away and is increasingly dependent on a few slower inflation reports. Next week’s CPI report and the FOMC’s […]
02/01/2024

Dollar Index: EU Inflation and US Labor Reports Eyed for Fresh Signals

The dollar index accelerated higher on the first trading day in 2024, extending bounce from five-month low of Dec 28 (100.30) into third consecutive day. Traders collected some profits from the broader downtrend, pushing the dollar’s price higher and sidelining immediate downside threats, as focus shifts to EU inflation data and US labor report, due […]
03/09/2024

XAUUSD: Weekly Outlook

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