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Retail sales rose 0.7% month-on-month (m/m) in November, an acceleration from the upwardly revised October’s gain of 0.5%, and ahead of the consensus forecast calling for an increase of 0.6% m/m. Much of the last month’s growth in retail trade was due to a sizeable increase in sales of vehicles and parts, which rose by […]

The post US: Retail Sales Remain Solid in November, Boosted by Strong Vehicle Sales appeared first on Action Forex.

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12/06/2024

EURGBP Prints New 22-Month Low

EURGBP continues to fall after bearish gap Price shifts neutral outlook to negative MACD and RSI hold in oversold regions EURGBP opened with a significant bearish gap on Monday after the European elections on Sunday, sending the pair towards a fresh 22-month low of 0.8416. The pair is holding well below the medium-term trading range […]
21/05/2024

USDJPY Elliott Wave : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article, we’re going to take a look into the Elliott Wave charts of USDJPY, exclusively presented in the members’ area of our website. As our members know USDJPY has recently made pull back that made clear 3 waves down from the April 29th peak . The pair completed correction […]
11/01/2024

EURJPY Wave Analysis

EURJPY broke key resistance level 158.40 Likely to rise to resistance level 160.95 EURJPY currency pair recently broke through the key resistance level 158.40 (which stopped the previous waves 1 and b, as can be seen below) intersecting with the 50% Fibonacci correction of the downward impulse from November. The breakout of the resistance level […]