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Summary United States: “The Downside Risks to the Employment Mandate Are Real Now” We have just concluded what will become a historic week. The July employment report brought with it a crossing of the Sahm Rule threshold. That means we’re either headed for recession, or about to break yet another recession rule this unique cycle. […]

The post Weekly Economic and Financial Commentary: The Downside Risks to the Employment Mandate Are Real Now appeared first on Action Forex.

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16/08/2024

Strong US Retail Sales Send Yields Soaring

In focus today Today we get UK retail sales data for July at 8.00 CET. According to polls from Reuters, analysts expect overall retail sales to grow by 0.5% m/m and retail sales excl. fuels to grow by 0.8% m/m. In the US, the University of Michigan Consumer Sentiment survey is released at 16.00 CET. […]
12/01/2024

AUDUSD Remains in Positive Territory

AUDUSD fails to fall below 0.6645 Price holds well above uptrend line RSI is flattening AUDUSD has been in a somewhat positive corrective mode during the week, earning back some losses from the December 28 high of 0.6870. Entering the 0.6700 area has been a struggle over the past few days, and there might be […]
16/08/2024

Euro Edges Higher, US Dollar Under Pressure

The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains. On Wednesday, the euro hit 1.1047, […]