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Retail sales rose 0.1% month-on-month in August, ahead of the consensus forecast calling for a decline of 0.2% m/m. Revisions to prior months were a touch weaker, with spending for June (-0.3% m/m vs. prior -0.2 m/m) revised slightly lower, while July (1.1% m/m) was left unchanged after rounding. Trade in the auto sector was […]

The post US: Retail Sales Come in Stronger Than Expected in August, Real Consumer Spending Tracking 3.5% Annualized in Q3   appeared first on Action Forex.

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09/09/2024

Low Spirits

Last week ended on an ugly note, really, as the jobs data from the US revealed throughout the week was weak, but maybe not weak enough to tilt the Federal Reserve (Fed) expectations toward a clear direction. Job openings fell more than expected, and Friday’s official data showed that hirings rebounded in August, though not […]
03/09/2024

XAG/USD Analysis: Bulls May Target $30 Again

As the XAG/USD chart indicates today, the price of silver has dropped by over 5% in the past week. Bearish signs are also evident in the price of gold. According to Reuters, market participants are focusing on a series of economic data set to be released this week, which could influence expectations regarding a potential […]
18/07/2024

Commodity Currencies in Stable Ranges: Should We Expect a Breakout?

The currency pairs AUD/USD and USD/CAD, unlike the pairs with the Euro, Yen, and Sterling, continue to demonstrate long-term stability. These pairs have been trading in narrow price corridors for several months. Given the weakening of the dollar in many directions, there is a high likelihood of increased volatility and a breakout from the flat […]