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Personal income grew 1.0% month-on-month (m/m) in January, a sizeable increase from December’s 0.3% gain, and above market expectations for a 0.4% increase. Accounting for inflation and taxes, real personal disposable income was flat on the month relative to 0.2% growth in December. Personal consumption expenditures rose 0.2% m/m, a notable deceleration from 0.7% growth […]

The post U.S. Consumer Spending Opens 2024 on a Modest Note   appeared first on Action Forex.

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07/03/2024

Euro in Holding Pattern Ahead of ECB Decision

ECB expected to hold rates at 4% The euro is barely making a peep on Thursday, ahead of the European Central Bank’s decision later in the day. In the European session, EUR/USD is trading at 1.0894, down 0.04%. ECB expected to hold rates The ECB is expected to follow the Federal Reserve’s pause and hold […]
16/10/2024

WTI Crude Oil Cut Back Gains: Will the Slide Continue?

Key Highlights WTI Crude Oil price started a fresh decline from the $78.80 resistance. A connecting bearish trend line is forming with resistance at $72.80 on the 4-hour chart. Gold could aim for more gains above the $2,670 level. Bitcoin could accelerate higher if it settles above $66,500 and $67,000. WTI Crude Oil Price Technical […]
12/08/2024

WTI Wave Analysis

WTI reversed from support zone Likely to rise to resistance level 78.00 WTI crude oil recently reversed up from the support zone set between the strong support level 72.40 (which has been reversing the price from February) and the lower daily Bollinger Band. The upward reversal from this support area stopped the c-wave of the […]