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Wall Street Indexes rebounds on strong ISM Services PMI as election uncertainty lingers. Investors closely watch Congressional election results, as a unified government is seen as beneficial for stock market performance. Market volatility remains low as investors await election results and upcoming Federal Reserve and BoE decisions. Wall Street Indexes rose in the early hours […]

The post Trump or Harris? Why Nasdaq 100, S&P 500 Might Not Care Who Wins appeared first on Action Forex.

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ISM Services Jump to a 27-Month High in October

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GBP/USD Recovery Potential: Can The Pound Rebound?

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13/07/2024

Weekly Economic & Financial Commentary: Balanced Risks Drive the FOMC Closer to a September Rate Cut

Summary United States: Fed’s Challenge: Making Sure Fire Is Out vs. Water Damage We learned this week that CPI declined in June and core prices rose at the slowest clip since early 2021. With the inflation target in sight, Fed policymakers are taking stock of deteriorating labor market dynamics and souring consumer sentiment as they […]
18/09/2024

GBP: Traders Await BoE’s Interest Rate Decision

The GBPUSD pair remains in a bullish position, but signs of being overbought are emerging with the RSI indicator nearing 70. The pair has support near 1.3200 and resistance around 1.3260, with the next significant level at 1.3300. On Monday, the pair gained momentum as a weakening US Dollar and optimism around a potential Federal […]
07/08/2024

Market Analysis: GBP/USD Dives While EUR/GBP Gains Strength

GBP/USD started a fresh decline from the 1.2860 resistance zone. EUR/GBP is rising and might climb above the 0.8620 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the 1.2800 support. There is a key bearish trend line forming with resistance near 1.2750 on the hourly chart […]