EUR/AUD gyrated lower last week despite weak downside momentum. On the downside, sustained trading below 55 D EMA (now at 1.6432) will argue that rise from 1.5996 has completed. Deeper fall would then be seen Read more…
EUR/CHF’s retreat from 0.9579 extended lower last week but recovered slightly ahead of 0.9448 support. Initial bias remains neutral this week first, and further rally is in favor. On the upside, sustained break of 55 Read more…
For most Americans, a new car is a major expense. As of mid-2024, the average price for a new vehicle was over $48,000, according to Clark. After making a 10% or 20% down payment ($4,800–$9,600 on Read more…
Monday, Aug 26, 2024 Tuesday, Aug 27, 2024 Wednesday, Aug 28, 2024 Thursday, Aug 29, 2024 Friday, Aug 30, 2024 The post Summary 8/26 – 8/30 appeared first on Action Forex.
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a Read more…
U.S. Highlights Minutes from the July 30-31 FOMC meeting as well as Chair Powell’s speech at Jackson Hole showed a clear commitment that the FOMC will start cutting rates in September. The Fed is likely Read more…
Summary United States: Homes Out of Range Chair Powell delivered a distinctively dovish speech this week at Jackson Hole. Elsewhere, a slew of housing data revealed that, although green shoots are sprouting, affordability issues continue Read more…
Amazon (AMZN) Web Services CEO Matt Garman has just revealed a startling prediction about the future of a popular career. During an internal meeting, which Business Insider obtained leaked audio of, Garman told software developers Read more…
If you ask people like Cathy Wood of ARK Investment and Tesla’s Elon Musk what the future of mobility would look like, they would probably say one word: robotaxis. It is very easy to see Read more…
Peloton (PTON) just made a major announcement that customers may not be too thrilled about. After revealing in its fourth-quarter earnings report for 2024 that its membership numbers declined by 2% year-over-year and its connected Read more…