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Retail and food services sales jumped 1.4% month-on-month (m/m), in line with market expectations. Sales of vehicles and parts played a big role in driving last month’s gain, surging by 5.3% m/m as consumers rushed to purchase new cars ahead of the auto tariffs. Building materials and equipment stores’ also posted a large increase, rising […]

The post US: Retail Sales Surged in March as Consumers Stocked Up Ahead of Tariffs    appeared first on Action Forex.

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US Sales Jump Gives USD Relief, But Driven by Fears

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11/06/2024

Instrument of the Week (June 10—14): GBPJPY Insight

The GBPJPY pair reflects the exchange rate between the British Pound and the Japanese Yen, influenced by the economic conditions and monetary policies in the United Kingdom and Japan. The British Pound is affected by UK economic indicators, political events, and the Bank of England decisions. On the other hand, the Japanese Yen is impacted […]
26/08/2024

Gold Creates New Bullish Wave Near Record High

Gold rises above short-term SMAs Stochastics turn down MACD and RSI still have positive momentum Gold prices are rallying higher, with the prospect of reaching the record high of 2,531 again. More advances may find resistance at the next round numbers of 2,600 and 2,700. However, the technical signals are mixed. The stochastic oscillator is […]
12/06/2024

Market Analysis: EUR/USD Dives While USD/JPY Continues To Rise

EUR/USD gained bearish momentum below the 1.0810 support. USD/JPY is rising and might take out the 157.40 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0810 support zone. There is a connecting bearish trend line forming with resistance at 1.0760 on the hourly chart of EUR/USD […]