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U.S. Highlights The July report for the Consumer Price Index showed headline inflation fell below 3% for the first time since March 2021. U.S. retail sales surpassed expectations in July, rising 1.0% month-on-month. Federal Reserve Chair Jerome Powell’s remarks during next week’s Jackson Hole Symposium will headline the week. Canadian Highlights Bad news for Canada’s […]

The post The Weekly Bottom Line: Inching Towards a Pivot appeared first on Action Forex.

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10/06/2024

Fed Pivot Less Likely After Strong NFP, Focus on CPI Report and Dot Plot

A dovish pivot by the Fed is looking less likely at the June meeting Will Fed officials flag two or just one rate cut after strong jobs data? CPI report will also be crucial on Wednesday (12:30 GMT) Statement due at 18:00 GMT will be followed by press conference at 18:30 GMT One step forward, […]
11/03/2024

US 500 Cash Index in the Red Again

US 500 index trades lower after recording a new all-time high The pace of the rally remains aggressive but euphoria dominates Bears continue to closely monitor the stochastic oscillator’s movements The US 500 cash index is edging lower again today after recording a new all-time high of 5,189 last week. Friday’s mixed US labour market data do not […]
10/09/2024

US: Small Business Optimism Pulls Back in August

NFIB’s Small Business Optimism Index fell 2.5 points to 91.2 in August, coming in below market expectations calling for a flat print. Eight of the ten subcomponents fell on the month, while only two improved. Large declines were recorded in expectations regarding higher real sales (-9 points to -18%), earnings trends (-7 points to -37%) […]