Tag: Economic indicators
US Dollar’s Fate Hinges on NFP: Markets Weekly Outlook
US equities had a strong finish last week, especially in the tech and retail sectors, leading to record highs for the S&P 500. However, the US dollar weakened as expectations of a December rate...
Sunset Market Analysis: Actionable Insights for Forex Traders
The recent appointment of Scott Bessent as the US Treasury Secretary has had a significant impact on the bond market. Bessent has proposed a plan to reduce the government deficit to 3% of GDP,...
Sunset Market Analysis and Forex Strategies for Success
The global markets were influenced by the ongoing conflict in Ukraine, with concerns rising about a potential escalation. European equities and yields experienced a significant drop, leading to a risk-off sentiment in the market....
EUR/AUD Forex Analysis: Mid-Day Update and Forecast
The EUR/AUD currency pair has been experiencing a downward trend, with the recent decline from 1.6598 to 1.6161 indicating a bearish bias. The intraday outlook suggests that the pair may continue to fall towards...
AUD/USD Recovery Faces Headwinds: Upside Still Restricted – Forecast and Analysis
The Australian Dollar (AUD) continued to decline against the US Dollar (USD) and tested the 0.6440 support level. However, it managed to bounce back above a bearish trend line with resistance at 0.6480 on...
Eco Data Analysis and Forecast for November 19, 2024
On November 19, 2024, various economic events took place around the world. Let's take a closer look at the data and forecasts for the day.Starting with the Reserve Bank of Australia (RBA) Meeting Minutes...
EUR/USD Daily Forecast: Latest Analysis and Updates from Action Forex
The EUR/USD pair is currently experiencing a neutral bias for the day, with a possibility of more consolidations. However, the overall outlook remains bearish as long as the 1.0760 support turned resistance level is...
Forexlive Weekly Market Outlook: 18-22 November
Next week, there are several important economic events to keep an eye on. On Monday, the US NAHB Housing Market Index will be released. Tuesday will bring the RBA Meeting Minutes, Canada CPI, US...
Canadian Inflation Analysis: BoC Rate Cut Impact – Action Forex
Canada's inflation report for October is set to be released soon, and all eyes are on it after it fell below the Bank of Canada's 2% target for the first time since 2021 in...
Eco Data November 15, 2024: Impact on Forex Markets
On November 15, 2024, several economic indicators were released, impacting the forex markets. Let's take a closer look at some of the key data points.Starting with New Zealand, the Business NZ PMI for October...
