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Summary United States: Economic Resilience or Reticence? The U.S. economy defied expectations in the second quarter, expanding at a 2.8% annualized pace. Despite the upside surprise, we still see enough softening in inflation and signs of stress to warrant a rate cut in September. Next week: ECI (Wed.), ISM Manuf. (Thu.), Employment (Fri.) International: Bank […]

The post Weekly Economic & Financial Commentary: Wake Me Up When September Ends appeared first on Action Forex.

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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 […]
16/01/2024

Calling a Spade, a Spade

I sense that the first quarter of this year will be marked by the realization that it’s too early for the central banks to cut the interest rates unless something really bad – like another bank crisis, or a real estate crisis, or another debt crisis hits the fan. Because March – where market prices […]
09/05/2024

Crude Oil Price Takes Hit, Decoding Hurdles To Fresh Increase

Key Highlights Crude oil prices declined further below the $80.00 support. A connecting bearish trend line is forming with resistance at $79.60 on the 4-hour chart. Gold prices are consolidating below the $2,335 resistance. Bitcoin prices are again moving lower below the $63,500 resistance zone. Crude Oil Price Technical Analysis In the past few days, […]