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Personal income grew 0.3% month-on-month (m/m) in July, up from June’s 0.2% gain and above market expectations (0.2%). Accounting for inflation and taxes, real personal disposable income grew 0.1% for a second consecutive month. Personal consumption expenditures growth accelerated in July, up 0.5% m/m. This was higher than the 0.3% recorded in June, but in […]

The post U.S. Consumers Start Q3 on an Upbeat Note; Income and Spending Rise, Inflation Stable appeared first on Action Forex.

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02/04/2024

Dollar Strengthens Following Positive Manufacturing Data

The EUR/USD pair has dipped to its lowest since 15 February this year following the release of encouraging data regarding the US manufacturing sector’s activity on Monday. This improvement, the first since September 2022, has bolstered the US dollar’s position. The Institute for Supply Management (ISM) reported that the manufacturing business activity index climbed to […]
29/12/2023

USD/JPY Turns Red And At Risk of More Losses

Key Highlights USD/JPY started a major decline below the 145.00 support. A major bearish trend line is forming with resistance near 142.10 on the 4-hour chart. EUR/USD surged above the 1.1040 and 1.1080 levels. GBP/USD retested the 1.2820 resistance, where the bears emerged. USD/JPY Technical Analysis The US Dollar failed to remain stable above the […]
07/08/2024

EURCAD Wave Analysis

EURCAD reversed from resistance level 1.5110 Likely to fall to support level 1.5000 EURCAD currency pair recently reversed down from the long-term resistance level 1.5110 (which has been reversing the price from the start of 2011), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 1.5110 created the weekly […]