Eco Data 12/2/24 – Action Forex

Craig was a runaway when I first met him. Missing from a local children’s home, he spent his days hanging out in Nottingham city centre. He had just turned 13 and he was tall for his age, easily recognisable with his blond hair, but he seemed invisible to the authorities. No one was looking for…

Yesterday, the BTC/USD chart saw sharp price swings during the US trading session:→ first, Bitcoin rose by more than 3%;→ shortly afterwards, it dropped by over 4%. The main impulses unfolded within just a few hours and triggered liquidations on both long and short positions. In total, around $450 million worth of positions were liquidated…

In response to the Trump administration’s 10% tariff on Chinese goods, Beijing vowed to challenge the decision at the World Trade Organization. Moreover, Chinese authorities have:→ imposed retaliatory tariffs of 15% on US coal and liquefied gas, and 10% tariffs on oil and agricultural machinery;→ launched an investigation into Google for potential anti-competitive practices. These…

Yardeni Research analysts see a positive trajectory for the over the next couple of months despite the historical trend of September being a challenging month for stocks. The research firm anticipates that the Federal Reserve’s expected monetary easing beginning with a 25 basis points cut in the federal funds rate on September 18 will support…

Prior 88.3 Consumer confidence 95.0 vs 97.6 expected Prior 97.6 This is not a market-moving release. This article was written by Giuseppe Dellamotta at investinglive.com. Source link

USD/CHF’s rally from 0.8374 continued last week, but retreated after forming a temporary top at 0.9136. Initial bias is turned neutral this week for some consolidations first. Further rise is expected as long as 0.8956 resistance turned support holds. Above 0.9136 will target 0.9223 key resistance next. In the bigger picture, price actions from 0.8332…