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Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may react to the possibility of a Trump victory, which could lead to a rise in the US Dollar and inflation expectations. The Bank of Japan […]

The post Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data appeared first on Action Forex.

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01/12/2023

EUR/USD Stands at the Back Foot Ahead of Fed Powell’s Speeches

EURUSD was a tad higher on Friday morning following nearly 0.8% drop on Thursday, when the Euro was deflated by soft EU inflation numbers which may add to ECB’s dovish stance in the near future. Additional pressure came from stronger dollar on speculations that Fed Chair Powell may surprise on hawkish shift in his speeches […]
26/07/2024

US: Consumers Close Q2 on an Upbeat Note, But Momentum Unlikely to be Sustained

Personal income grew 0.2% month-on-month (m/m) in June, down from May’s 0.4% gain, and below market expectations (also 0.4%). Accounting for inflation and taxes, real personal disposable income growth slowed in June, up 0.1% m/m, relative to a 0.3% gain in May (revised down from 0.5% previously). Personal consumption expenditures also geared down slightly in […]
09/08/2024

Oil May Begin a Fresh Climb Soon

Oil prices rose for the third consecutive session on Thursday, driven by easing demand concerns from better-than-expected U.S. job data and escalating tensions in the Middle East. Brent crude increased by 0.73% to $78.90 per barrel, while U.S. West Texas Intermediate climbed 1.16% to $76.10. The market was also influenced by a significant drop in […]