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U.S. Highlights Higher than expected retail sales in December suggests that consumer spending remained resilient to end the year. Several Fed governors sought to push back against market expectations for swift and significant rate cuts. The housing market ended 2023 on a sour note, with both new home construction and existing home sales falling in […]

The post The Weekly Bottom Line: A Resilient Consumer Dims Hopes for an Early Rate Cut appeared first on Action Forex.

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07/02/2024

Sunset Market Commentary

Markets Core bonds, US Treasuries in particular, opened higher in an attempt to recoup some of the Powell-Payrolls-ISM triple whammy they suffered over the previous days. But US yields shedding between 0.1 and 3 bps across the curve is nothing compared to the 30bps+ they gained in just two trading days. Technically, the likes of […]
26/04/2024

Cooler Bitcoin

Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to $2.37 trillion over the last 24 hours. After the halving, the bulls intensified their efforts to boost prices, but by the end of the week, the bears took the initiative. Bitcoin under pressure: Bitcoin has been losing value (0.7%) […]
20/07/2024

The Weekly Bottom Line: Nearing the Pivot Point

U.S. Highlights After an eerily calm few months, a fresh dose of volatility descended across global financial markets this week. Top Fed officials speaking this week noted that they are getting ‘closer’ to cutting interest rates. Financial markets have fully priced the first cut to come in September. Retail sales and industrial production data for […]