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US inflation and retail sales data to take the spotlight as dollar slips UK jobs and GDP numbers coming up too amid recession woes Will markets hold their nerve before the looming central bank storm?  Will CPI report cause a sticky problem for the Fed? The US Federal Reserve doesn’t meet until March 20 for […]

The post Week Ahead – US CPI to Headline Dull Week, May Spoil the Calm appeared first on Action Forex.

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US: Job Growth Remained Strong in February, But Unemployment Rate Rises to Two-Year High    

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US February Employment: The Devil Is in the Details

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20/02/2024

USD/CAD – A Quiet Start to the Week But Plenty to Come

Canadian inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USDCAD higher but momentum remains weak It’s no surprise that it’s been a quiet start to the week, with both countries observing a bank holiday but several events on the horizon should ensure things pick up. […]
05/04/2024

BTC/USD Analysis: Bearish Arguments Become More Convincing

On March 18, we wrote about the activation of bears near the USD 70,000 level and the likelihood of consolidation forming near this psychological mark. On March 25, we wrote that anxiety remains in the Bitcoin market. Technical analysis of the BTC/USD chart with new data on the behavior of Bitcoin prices today relative to […]
04/12/2023

Gold Storms to Record High Before Surrendering Intraday Gains

Gold posts a fresh all-time peak of 2,142 on Monday But fails to hold onto its gains, falling back below April high Momentum indicators point at an overstretched advance Gold had been in a steep uptrend since November 10, when the price bounced off the crucial 200-day simple moving average (SMA). On Monday, bullion recorded a fresh […]