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Forget about the Federal Reserve (Fed) dovish expectations that should be dialed back because the American economy is too strong to require a rate cut as early as March from the Fed. Forget that strong US economic data is not good news for the market. And forget about the fact that the rally in tech […]

The post Why Sell Technology Stocks When You Can Buy Them? appeared first on Action Forex.

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BoC to Hold Interest Rates Steady Again Next Week

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21/05/2024

PMIs in Focus This Week

In focus today Today, we look out for several Fed speakers as Williams, Barkin, Barr, Bostic and Waller are all speaking. In Denmark, we get Q1 preliminary GDP figures, which we expect to be unchanged compared to the very impressive Q4 figures of last year. Further, refinancing auctions of mortgage loans will have the Danish […]
15/05/2024

Stoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us

Every day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets show signs of improvement, consumers start to spend more, and investors buy stocks. But if you’re a student of Elliott waves, you […]
16/01/2024

British Pound Slips as Wage Growth Slides

UK wages ease to 6.5% GBP/USD falls UK to release inflation on Wednesday The British pound is sharply lower on Tuesday after a solid UK employment report. In the European session, GBP/USD is trading at 1.2641, down 0.68%. UK wage growth falls sharply The UK employment report indicated that the labour market remains solid while […]