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Summary United States: Consumer in the Spotlight The personal income and spending data this week show that inflation remains in check, shed light on the staying power of the consumer and paint a more constructive backdrop for household finances moving forward. Real estate should be a beneficiary of lower interest rates as the Fed eases […]

The post Weekly Economic & Financial Commentary: Consumer in the Spotlight appeared first on Action Forex.

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16/07/2024

EUR/USD Rate Set a 16-Week High

According to the EUR/USD chart, the euro to dollar exchange rate yesterday surpassed the peak from early June, rising above 1.092 – the last time the price was at this level was on March 21. Bullish sentiments in the market were supported by: → Approaching Thursday’s meeting of the European Central Bank – it is […]
30/01/2024

EURUSD Slips Further After the Fall Below 200-day SMA

EURUSD touched 1.0800 but returned higher Price moves within bearish triangle MACD and RSI suggest negative bias EURUSD tumbled below the crucial 1.0845 restricted zone, generating concerns that the decline from the 200-day simple moving average (SMA) may continue.  Also, the market declined slightly below the 1.0800 round number during Monday’s session, meeting the lower boundary of the bearish […]
19/09/2024

AUDUSD Posts New 9-Month High

AUDUSD rally continues after bounce off 200-day SMA Technical oscillators are mixed AUDUSD has printed a fresh nine-month high of 0.6838 earlier today, creating the fourth consecutive green candle. The pair found significant support at the 200-day simple moving average (SMA) at 0.6620, continuing the medium-term bullish structure. The technical oscillators are showing some contradicting […]