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In focus today In the US, ADP’s October private sector employment report and flash Q3 GDP will be released in the afternoon. ADP’s figures could provide some early hints of what to expect from Friday’s key non-farm payrolls release. We expect that GDP expanded 2.5% on annualized q/q basis (Q2: 3.0%) largely driven by still […]

The post US and Euro Area Q3 GDP Releases Today appeared first on Action Forex.

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16/10/2024

An Easier Path For Bank of Canada Monetary Policy

Summary Today’s release of Canada’s September CPI offers a decisive data point, in our view, that should see the Bank of Canada (BoC) step up the pace of monetary easing next week. In addition to headline inflation surprising to the downside, broader underlying inflation pressures also remained contained. With activity data subdued overall, and with […]
24/07/2024

NZDJPY Wave Analysis

NZDJPY falling inside ABC correction (2) Likely to reach support level 92.00 NZDJPY currency pair falling sharply after the price broke the support area located between the support level 95.50 and the 38.2% Fibonacci retracement of the previous impulse (1) wave from April. The breakout of this support area accelerated the active impulse wave C […]
13/08/2024

GBP/USD Edges Higher as Wage Growth Hits Lowest Level in 2 Years

Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite positive jobs data, BoE policymakers warn of potential inflation rebound in H2 2024, supported by a slight increase in grocery inflation. Cable edged higher but […]