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Key insights from the week that was. After a bumper run of data, local markets were provided space for reflection this week. The main release was the household spending indicator which, upon the cessation of the retail sales release last week, is now the sole official indicator of consumer spending. In June, nominal spending growth […]

The post Cliff Notes: Fiscal Uncertainty a Concern for Both the Short and Long-Term appeared first on Action Forex.

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15/01/2025

BoJ to Discuss Rate Hike, Yen Dips Lower

The yen remains calm and is lower on Tuesday. In the North American session, USD/JPY is trading at 157.98, up 0.34% on the day. US inflation expected to rise There are no tier-1 events out of Japan this week and the yen is having a relatively quiet week. That could change with the release of […]
31/10/2024

How Markets Will React to US Election Results

Market picture Polls and forecasts have yet to produce a clear frontrunner in the US presidential race. In recent days, there has been a widespread view that markets are pricing in a Trump victory, but for many investors it is too close to call, increasing the potential for movement when the results are announced. Remember […]
08/07/2024

EURUSD Jumps Above 200-day SMA

EURUSD advances after violation of restrictive trendline Reclaims both 50- and 200-day SMAs Oscillators suggest that bullish forces are strengthening EURUSD has been attempting a recovery from its one-month low of 1.0666, with the price crossing above the downward sloping trendline in place since December 2023. After some volatile sessions, the pair managed to conquer both […]