Retail and food services sales rose just 0.2% month-on-month (m/m), disappointing expectations for a stronger rebound following January’s contraction. Data revisions also expanded January’s contraction to -1.2% m/m from the initially reported 0.9% decline. Vehicle and parts sales fell for the second consecutive month, weighing on the headline (-0.4% m/m). Sales at gasoline stations also […]
The ATR indicator on the S&P 500’s 4-hour chart (US SPX 500 mini on FXOpen) currently shows a reduction in price volatility. This drop in volatility can likely be attributed to: → The market having fully absorbed the impact of Trump’s recent presidential win; → No unexpected news from yesterday’s CPI report, which matched analysts’ […]
The post S&P 500 Index Stabilises Near Resistance Block appeared first on Action Forex.
Share
