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The US government shutdown officially became the longest in history today — 36 days and counting — yet markets found some relief in stronger-than-expected private data amid the lack of public releases. The ISM Services PMI hit its highest level since February, and ADP employment came in at 42K vs. 25K expected, underscoring the economy’s […]

The post US Private Data Shows Resilience appeared first on Action Forex.

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22/03/2025

Weekly Economic & Financial Commentary: Increased Uncertainty Complicates the FOMC’s Job

Summary United States: February Bounce More Likely a Head Fake Retail sales, industrial production, existing home sales and housing starts all jumped in February, rebounding from the declines posted the month prior. On closer examination, however, the underlying data point to economic growth hitting a soft patch. Next week: New Home Sales (Tue.), Durable Goods […]
18/04/2025

Gold: Epic Rally

Gold delved deeper into the territory of all-time highs during the week, reaching a local top above $3350 per troy ounce on the spot market, representing a more than 4% gain from the start of the week. The price later retreated to the $3300 area. Gold has been on the offensive since touching the 50-day […]
31/01/2025

Crypto: Quiet Recovery

Market Picture The crypto market has increased by 0.4% to $3.57 trillion over the last 24 hours but is still 1.4% below last week’s levels. Cryptocurrencies are slowly and rather erratically climbing out of the dip they fell into on Monday. The market remains sensitive to negative news but is recovering cautiously, avoiding excessive optimism. […]