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U.S. Highlights The retail sales report once again reinforced the message that the U.S. consumer continues to brush off headwinds. Personal income growth, some remaining pandemic savings, and a healthy labor market should help to support trend-like growth in personal consumption expenditures into early 2025. A still healthy labor market, and a commitment to data […]

The post The Weekly Bottom Line: Canadian Inflation Drops Below Target appeared first on Action Forex.

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Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda

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04/12/2023

EUR/USD Holds Support But Can It Increase Again?

Key Highlights EUR/USD rallied toward 1.1020 before it corrected lower. A major bullish trend line is forming with support near 1.0880 on the 4-hour chart. GBP/USD is consolidating gains above the 1.2650 level. Gold prices surged higher above $2,100 and $2,120. EUR/USD Technical Analysis The Euro started a strong increase above the 1.0820 resistance against […]
08/04/2024

US CPI Data Unlikely to Ease Sticky Inflation Worries, But Will Markets Care?

US CPI inflation expected to have ticked up in March But markets may shrug it off if core figure inches lower Data due at 13:30 GMT, Wednesday, will be followed by FOMC minutes at 18:00 GMT Will CPI report boost rate cut bets? Inflation data according to the CPI and PCE measures have started to […]
23/04/2024

GBP/USD: Cable Bounces After Solid Data/Hawkish BoE

Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more harmful than to start easing policy too late. Brightened near-term outlook so far lifted the […]