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U.S. Highlights The U.S. economy ended 2023 on a solid note, with GDP rising 3.3% quarter-over-quarter (annualized) – smashing expectations for a more moderate gain of 2%. The consumer remained a key factor underpinning last quarter’s strength, with spending accelerating sharply through the holiday shopping season. Inflation continued to drift lower in December, with the […]

The post The Weekly Bottom Line: Feds, BoC Steal This Show This Week appeared first on Action Forex.

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06/03/2024

Trump Big Winner on Super Tuesday

In focus today In the U.K. Chancellor of the Exchequer Jeremy Hunt will deliver his spring budget. With the general election looming the chancellor is expected to present a range of expansionary measures, namely tax cuts. In the US we get both JOLTs for January as well as ADP employment numbers for February. FOMC chairman […]
15/07/2024

News of the Week (July 15—19): EURGBP Outlook!

The EURGBP, representing the exchange rate between the Euro and the British Pound, is a key measure of economic interplay between the Eurozone and the United Kingdom. The Euro’s value is primarily influenced by the financial policies and performance of the Eurozone member states, particularly significant economies such as Germany and France. On the other […]
05/06/2024

Copper Elliott Wave Analysis: Shorter Cycles Expect Further Decline

Hello traders. Welcome to a new commodity blog post. In this one, we will look at the Copper Elliott wave analysis from our team of analysts. We will especially look at an Elliottwave path discussed in of one of our updates shared with members of ElliottWave-Forecast in May 2024. In conclusion, we will discuss how […]