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EURUSD
1.06269+0.08%

sell
1.06269
0.3
buy
1.06272
GBPUSD
1.24438+0.07%

sell
1.24438
0.2
buy
1.24440
USDJPY
154.355+0.06%

sell
154.355
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buy
154.359
AUDUSD
0.64593-1.19%

sell
0.64593
0.3
buy
0.64596
USDCAD
1.37871+0.11%

sell
1.37871
0.5
buy
1.37876
USDCHF
0.91379+0.46%

sell
0.91379
0.4
buy
0.91383
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0.88982-0.55%

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0.88982
0.6
buy
0.88988
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0.59023-0.77%

sell
0.59023
0.7
buy
0.59030
AUDCNH
4.66588-0.13%

sell
4.66588
6.5
buy
4.66653
AUDHKD
5.04098-0.40%

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5.04098
54.3
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5.04641

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GREAT JOURNEY

I started as a beginner knows nothing about trading. Now I have been with ACY
for a year. I found ACY very helpful not just as a trading platform but also a
good trainer, listener, always been there for me through market up and down. I
learnt a lot and built much confidence in trading. I feel like I can trust and
stay with ACY for long term.


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Traded with ACY for the last 4 years! super competitive spreads and having a lot
of events in Sydney. Top broker of all time!

Having used so many trading platforms, ACY's service is the best in my opinion,
and the spread is very low, which is very suitable for novices.

Fund security is fundamental, and the brand is also very well-known. Rich
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STAY UPDATED WITH THE LATEST INSIGHTS AND MARKET ANALYSIS FROM OUR TEAM OF
EXPERT ANALYSTS.

Market Analysis
US Consumers Power Through Inflation: Dollar Rises as Spending Surges!
Luca Santos · Apr 16 2024
Market Analysis
EURUSD On a Freefall to The Level of 1.05 After Hot US CPI – Will This Trend
Sustain?
Luca Santos · Apr 16 2024
Market Analysis
In the Markets - The Trading Week Ahead
Luca Santos · Apr 15 2024
Market Analysis
EURUSD Deep Breakdown, looking to reach the levels of 1.05 in the coming week?
Luca Santos · Apr 15 2024

US Consumers Power Through Inflation: Dollar Rises as Spending Surges!



Luca SantosApr 16 2024 15:39:45



 

Today, let's dive into the recent events that have been shaping the financial
landscape. Firstly, let's address the significant news that unfolded yesterday.
The retail sales data for the month came in higher than expected, resulting in a
notable impact on the US dollar. The actual figures surpassed the consensus,
leading to a downward movement in the value of the dollar. Specifically, the
EUR/USD pair experienced a decline, with the price dropping to 1.0614 from
1.0644 before the news broke.

This decline in the dollar's value can be attributed to the robust consumer
spending, as indicated by the retail sales data. Despite concerns surrounding
inflation, consumers continue to spend, contributing to an inflationary effect
on the economy. This trend is worrisome, as it suggests that people are not
deterred by rising prices and are still actively engaging in consumption.

The upcoming speech by Fed Chair Jerome Powell will be crucial in providing
insights into the economic outlook and projections. Powell's remarks will be
closely watched by market participants, as they seek clarity on the Fed's stance
and potential policy measures to address inflationary pressures.

Looking ahead, it's essential to stay informed and vigilant in monitoring market
developments. Joining our webinars and accessing our daily blogs and analyses
can provide valuable insights to navigate the dynamic financial landscape
effectively.

Remember to stay engaged and connected through our Telegram channel for daily
updates and discussions. Your participation and feedback are invaluable as we
continue to navigate through these unprecedented times together.

Thank you for your attention, and I look forward to sharing more insights with
you in our upcoming sessions. Have a great day, evening, or afternoon, wherever
you are in the world. See you soon!

Catch up with the latest news and market analysis here
https://acy.com/en/market-news

This content may have been written by a third party. ACY makes no representation
or warranty and assumes no liability as to the accuracy or completeness of the
information provided, nor any loss arising from any investment based on a
recommendation, forecast or other information supplied by any third-party. This
content is information only, and does not constitute financial, investment or
other advice on which you can rely.

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