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Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by the November update. The composite PMI tumbled back in contraction territory (48.1 from 50.0). Even more worrisome, services which until […]

The post Markets Draw Some Comfort from Bessent Being Trump’s Treasury Secretary appeared first on Action Forex.

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07/06/2024

Gold Price Gains Traction, Crude Oil Price Rises

Gold price started a fresh increase above $2,350. Crude oil is recovering and might rise toward the $78.40 resistance zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,315 zone against the US Dollar. A major bullish trend line is forming with support at $2,368 on […]
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Soft-Landing, or No Soft-Landing, That Is the Question: Part II

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