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Canada’s GDP report next week is expected to show further weakening in the Canadian economy. We expect a 1.4% (annualized rate) increase in GDP in Q2 – below Statistics Canada’s 2% preliminary estimate a month ago, and marking the 7th of the last 8 quarters of declining output on a per-capita basis. Growth in GDP […]

The post Canadian Q2 GDP Report to Reveal More Softness in the Economy appeared first on Action Forex.

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07/06/2024

Market Awaits NFP Data: Euro/Dollar Consolidates

At the end of the week, the US dollar is hovering around an eight-week low against the euro, but trading activity remains subdued. Everyone is conserving energy ahead of this evening’s May employment data from the US. These reports are expected to provide more insight into the timing of the Federal Reserve’s monetary policy easing. […]
29/07/2024

Asian Equity Markets Kick Off the week in Good Spirits

Markets Core bonds finished higher last Friday. US Treasury yields were unable to build on Thursday’s Q2 GDP intraday rebound. The release of some economic data including personal income & spending and June PCE deflators wouldn’t call for a net daily yield decline between 3.1 and 5.6 bps but yet that’s exactly what happened. It […]
09/09/2024

News of the Week (September 9—September 13): EURJPY Market Spotlight

EURJPY is setting up for significant shifts—traders, be ready! The EURJPY pair reflects the Euro and Japanese Yen exchange rate. Traders frequently use the EURJPY pair to gauge market risk sentiment. The Euro is primarily driven by economic indicators from major economies like Germany and France, monetary policy decisions by the European Central Bank, and […]