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Fundamental Analysis In the absence of high-impact data on Monday, July 29, 2024, market sentiment is focused on the key data releases for the week. First, the Federal Reserve’s interest rate decision is set for Wednesday. While no rate change is expected, any adjustment in the statement’s language could signal a more dovish or hawkish […]

The post USD Analysis: Key Data Releases and Technical Outlook for the Week and intraday. EURUSD appeared first on Action Forex.

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03/02/2024

Weekly Economic & Financial Commentary: A March Rate Cut Bites the Dust

Summary United States: A March Rate Cut Bites the Dust It was a busy week for economic data, but Friday’s employment report stole the show. Nonfarm payrolls rose 353K in January, almost double the consensus expectation. While we suspect the Federal Reserve will put more weight on the Employment Cost Index’s soft reading on labor […]
28/03/2024

Australian Dollar Slides After Weak Retail Sales Report

The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%. Australia’s retail sales rise 0.3% Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%. […]
04/01/2024

USD/CAD Price Analysis: Declines Toward 1.3300 ahead of US/Canada Employment Data

USD/CAD falls sharply to near 1.3320 amid a correction in the USD Index. Investors await the US/Canada labour market data for further guidance. The Loonie asset struggles to break above the 23.6% Fibo retracement. The USD/CAD pair falls sharply after failing to extend upside above 1.3370. The Loonie asset has dropped to near 1.3320 as […]