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In focus today Today, we receive euro area consumer confidence figures for February. Consumer confidence is still at a low level which is likely the reason for the sluggish consumption ratio. Consumer confidence rebounded strongly during the first half of 2023 but has since stagnated. An increase in consumer confidence could be the trigger for […]

The post Will FOMC Minutes Give Clues on the Timing of Rate Cuts? appeared first on Action Forex.

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12/12/2023

Germany 30 Technical: A Potential Minor Corrective Decline Looms

Short-term RSI momentum indicator has flashed out bullish exhaustion condition after 6 consecutive weekly positive closes. At the risk of minor corrective decline sequence below 16,910 key short-term resistance. Intermediate supports rest at 16,590 and 16,440. The Germany 30 Index (a proxy for the DAX futures) has managed to soar towards the 16,780/850 resistance zone […]
13/05/2024

Sunset Market Commentary

Markets All eyes are on Wednesday’s US CPI inflation print and to a lesser extent its PPI precursor tomorrow. That led to stoic, listless trading at the start of the new week. China announced during early Asian dealings that it will kick off its CNY 1tn stimulus plan on Friday with a CNY 40bn 30-yr […]
24/01/2024

Trump Wins New Hampshire

In focus today Today, we will get January PMIs for both the euro area and the US. They will be the first indicator on how the major economies performed at the beginning of 2024. In the euro area, the manufacturing PMIs have risen since October in a signal of activity bottoming out in Q4 2023. […]