Logo-color Logo-white

The Canadian economy bounced back in April, up 0.3% month-on-month (m/m). This print landed in line with Statistics Canada’s advanced guidance and market expectations. The flash estimate for May points to a slight advance of 0.1% m/m. April’s reading was broad-based, with output expanding in 15 of 20 industries. The gain was evenly split between […]

The post Canada’s Economy Rebounded in April, Modest Growth Expected in May appeared first on Action Forex.

previous

EUR/USD Continues to Struggle Amid US Inflation Concerns

next

What Can We Expect from ISM Business PMIs Next Week?

Read More

26/08/2024

EURUSD Eyes 2023 Top After Quick Rally

EURUSD returns to positive trend after Powell confirms dovish policy adjustment Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274 EURUSD has had a great August so far, rising sharply from 1.0776 to nearly 1.1200 to mark its best monthly performance since November 2022. The pair violated a bearish engulfing candlestick pattern […]
19/02/2024

EURUSD Wave Analysis

EURUSD reversed from support level 1.0730 Likely to rise to resistance level 1.0850 EURUSD currency pair recently reversed up from the support level 1.0730 (previous monthly low from December), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October. The upward reversal from the support level 1.0730 […]
28/03/2024

Cliff Notes: Opinions on the State of the Economy

Key insights from the week that was. This week, Westpac surveys provided insight into both the current conditions and outlook faced by consumers and manufacturers. The Monthly CPI Indictor and job vacancies subsequently provided more evidence of the persistence of Australia’s disinflationary trend. Westpac-MI Consumer Sentiment’s March survey signalled that consumers remain very concerned over […]