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In focus today In the US, we await the preliminary May consumer sentiment survey from University of Michigan, which will provide markets with the latest sense of how consumers are feeling after the tariffs took effect. Earlier surveys have shown a sharp deterioration in future expectations and rapid upticks in inflation expectations. In the euro […]

The post This Week Concludes With US Consumer Sentiment appeared first on Action Forex.

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11/12/2024

Gold Wave Analysis

Gold broke daily Triangle Likely to rise to resistance level 2750.00 Gold recently broke the resistance trendline of the daily Triangle, inside which it has been moving from the middle of October, as can be seen from the daily Gold chart below. The breakout of this Triangle accelerated the active short-term impulse wave 3 – […]
03/08/2024

Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight

US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the […]
14/03/2024

Silver Bulls Return With a Bang

Silver marks new higher highs in the year to date Some caution required as former resistance area is nearby Silver bulls roared back during Wednesday’s late European trading hours, with the metal soaring to a more-than-three month high of 25.14 before closing marginally below the 25.00 round level. The completion of a double bottom pattern around the […]