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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. […]

The post U.S. Consumer Spending Growth Ended 2024 on a High Note, Outpacing Income Growth appeared first on Action Forex.

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26/01/2024

US: Economic Resilience Remains on Full Display in Q4 GDP Data 

Real GDP expanded by 3.3% quarter-over-quarter (q/q, annualized) in the fourth quarter of 2023 – well ahead of the consensus forecast calling for a more modest gain of 2%. For the year, real GDP grew by an impressive 2.5%. Consumer spending remained hot, rising 2.8% – a very modest deceleration from the 3.1% gain recorded […]
18/06/2024

Nasdaq 100 Index Reaches 20,000 Points for the First Time

On 30 May, we noted some uncertainty in the price behaviour of the Nasdaq 100 (US Tech 100 mini on FXOpen) near the resistance level of 18,840, as shown by arrow #1. Following this, the price declined and tested the former resistance at 18,250 (indicated by arrow #2) – the long lower shadow on the […]
18/07/2024

Crypto Market Cools Off After Spurt

Market picture The cryptocurrency market has pulled back 0.7% to $2.37 trillion from local extremes in the last 24 hours while remaining around highs. This looks like localised profit-taking after the rally, but not exhaustion. For Bitcoin, it is technically significant that the current consolidation around $64K is taking place above the 50-day moving average, […]