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The second estimate of fourth quarter real GDP was revised down a hair to 3.2% annualized (3.3% prev.), only slightly below consensus expectations for no revision. Under the hood, downward revisions to inventory investment and federal government spending were partly offset by upward revisions to state and local spending, consumer spending, and housing investment. Overall […]

The post US: Economic Resilience Remains on Full Display in Q4 GDP Data, Despite Slight Downward Revision appeared first on Action Forex.

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15/04/2024

Gold Technical: At Risk of Mean Reversion Corrective Decline After 19% Gain

Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition. The recent rally in Gold (XAU/USD) has been primarily driven by an increase in geopolitical risk premium arising from Middle East tensions. A lack of fresh catalysts after the latest Iran retaliation offensive […]
04/09/2024

USD/JPY Sees Modest Rise Amid Anticipation of BoJ Policy Shift

The USD/JPY pair has slightly increased, rising to 145.95 on Wednesday morning. This movement marks a rebound from two-week lows, though it is still early to suggest a significant reversal in the trend due to the ongoing economic climate. Market participants are cautious as they await crucial US employment market data for August, which is […]
18/01/2024

US Dollar Index Battles With SMAs Near 103.00

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