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Today marked the first trading day of the week for many North American traders after Columbus Day for the US and the Canadian Thanksgiving — and the session opened with what felt like a long-weekend hangover. Overnight markets had reacted sharply to China’s condemnations regarding the escalating US-China trade tensions, notably hurting Oil markets even […]

The post Powell/TACO Combo Lifts Wall Street from Early Losses appeared first on Action Forex.

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03/04/2025

USD/JPY Sinks as US Tariffs Cause Headache

USDJPY loses 1.7% as US tariffs stress investors. Short-term outlook becomes gloomier. More losses expected below 146.50. USDJPY slumped to 147.79, experiencing its worst daily drop (-1.7%) since the summer of 2024, as Trump’s reciprocal tariffs turned out stricter than expected in some regions, including China. This development has heightened investor concerns over the implications […]
31/01/2025

U.S. Consumer Spending Growth Ended 2024 on a High Note, Outpacing Income Growth

Personal income continued to grow robustly in December, rising by 0.4% month-over-month. Real disposable income, which excludes the impact of taxes and inflation, also edged higher, rising by 0.1% m/m. Income gains continued to support consumer spending. Coming on the heeds of solid gains in the prior two months, nominal spending increased 0.7% in December. […]
05/07/2024

US: Payroll Gains Decelerate in June, While Unemployment Rate Ticks up to 4.1%

Non-farm employment increased by 206k in June, slightly above market expectations for a gain of 190k. However, job gains for the prior two months were revised materially lower by roughly 111k jobs. Private payrolls rose 136k, with most of the gains concentrated in health care & social assistance (+82.4k) and construction (+27k). In the household […]