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Markets At the moment of writing, the outcome of the US elections is still a developing story. The Republican Party regaining a 51+ majority in the Senate is definitively called. The battle for a House majority is still a close call. In the race for President, Trumping winning the battleground States of North Carolina and […]

The post Market Fully Resorting to Basics of Trump-Trade appeared first on Action Forex.

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15/02/2024

U.S. Retail Sales Opens 2024 on a Subdue Note

Retail sales declined by -0.8% month-on-month (m/m) in January, in contrast to December’s downwardly revised 0.4 % gain (previously 0.6%). This was lower than the consensus forecast calling for a more modest decline of -0.2%. Trade in the auto sector was down -1.7% m/m, reflecting a decrease in sales at both motor vehicle dealers (-1.8%) […]
29/07/2024

Sunset Market Commentary

Markets Today has mostly been a waiting game in the run-up to an economic calendar that shifts into higher gear starting from tomorrow. The were few to no signs of worry about a potential escalation in the Gaza war after Israel retaliated over the weekend on what it said was a Hezbollah attack in the […]
08/03/2024

USD/JPY Nosedives After Rejection, Gold Extends Rally

Key Highlights USD/JPY started a major decline from the 150.80 resistance zone. It traded below a key bullish trend line with support at 150.00 on the 4-hour chart. Gold prices surged above the $2,120 resistance zone. The nonfarm payrolls could change by 200K, down from 353K. USD/JPY Technical Analysis The US Dollar struggled to clear […]