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In focus today In the euro area, we receive the final national accounts data for Q4, where attention will centre around the first release on hours worked and private consumption. In the US, focus turns to the February Jobs Report. We forecast NFP growth to slow down to +120k (Jan. +143k) due to negative seasonality, […]

The post Trump Extends Temporary Tariff Exemption for Canada and Mexico appeared first on Action Forex.

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26/06/2024

Aussie Forming Bullish Triangle, Looking for a Break Higher

The Australian dollar is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of thE pattern, suggesting a greater chance that this could be a bullish triangle rather than a deeper corrective move that would take us back to […]
22/02/2024

S&P 500 (US500): Consolidates in Buying Zone. Watch for a Surge Towards 5000 Intraday

Bullish Scenario: Buying above 4980 with TP1: 4993, TP2: 5005, and TP3: 5014 (Intraday levels). TP (Swing Trading): 5031.90, 5045.66, and 5054. It is recommended to set a stop loss (S.L.) below 4965 or at least 1% of the account capital**. Bearish Scenario: Selling below 4960 with TP1: 4935, TP2: 0.6487, and TP3: 4924 (Intraday […]
15/04/2024

Crude Oil’s Tactical Retreat, Unlikely Turn Around

Oil is losing more than 1% on Monday, below $84 a barrel for WTI and below $89 for Brent after Friday’s rollercoaster, when prices peaked above $87 and $91.6, respectively. The drivers were geopolitics, where fears of an escalation of the conflict between Israel and Palestine fueled the growth. The decline was helped by the […]