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Markets A batch of US data turned out mixed yesterday. Strong core capital good shipments (investment proxy) compensated for negatively distorted durable goods orders (Boeing). House prices rose in line with forecasts but consumer confidence unexpectedly retreated on a deteriorating current and six month ahead assessment on the economy and jobs. Second tier business sentiment […]

The post USD Takes Lead During Mild Risk-off appeared first on Action Forex.

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GBP/USD: Drops After Repeated Rejections at Daily Cloud Top

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14/10/2024

Sunset Market Commentary

Markets Chinese stock markets eventually closed 2% to 3% higher, giving the benefit of the doubt to further steps to support the property sector and hints at greater borrowing announced by Finance Minister Lan Fo’an on Saturday. Beijing didn’t disclose a headline figure, but measures got the thumbs up for now. The Chinese yuan failed […]
09/04/2024

EURJPY Rises Towards 16-Year High

EURJPY rebounds off uptrend line Price holds above SMAs Oscillators indicate more bullish movements EURJPY is climbing higher after the turning point near the medium-term ascending trend line and is moving towards the 16-year high of 165.36. The market has been developing within an uptrend since December 7 with the technical oscillators confirming an upside […]
16/01/2024

China’s Economy Likely Accelerated in Q4, But Will This Lift the Gloom?

Chinese GDP growth probably quickened in Q4 But doubts remain about 2024 outlook Risk assets could rally if data due on Wednesday, 02:00 GMT is upbeat China’s rebound hits a wall China’s economic recovery has been a big talking point for the markets over the past year, as the lifting of most Covid curbs at […]