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The final major data point from Statistics Canada in 2024 will be Monday’s gross domestic product release for October, which will be the last GDP print before the Bank of Canada’s Jan. 29 meeting. We look for a 0.2% increase that would be the strongest monthly gain since April, and firmer than the 0.1% advance […]

The post October GDP to Look Marginally Stronger After Slew of Weak Data appeared first on Action Forex.

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27/05/2024

Quiet Start to a Week Where Inflation Will Be in Focus

In focus today The week kicks off with a very light schedule. We receive the Germany Ifo indicator for May at 10.00 CET. The past two months have seen an increase in the assessment of the business situation, and it will be interesting to see if this continued in May. The US is out today […]
11/09/2024

Brent Crude oil Wave Analysis

Brent Crude oil broke key support level 72.60 Likely to fall to support level 68.00 Brent Crude oil recently broke the support zone located between the key support level 72.60 (former multi-month support from December) and the support trendline of the daily down channel from July. The breakout of the support level 72.60 accelerated the […]
25/10/2024

EURCAD Wave Analysis

EURCAD reversed from support zone Likely to rise to resistance level 1,5000 EURCAD currency pair recently reversed up from the support zone located between the key support level 1.4900 (former resistance from June), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from June. The upward reversal from this support zone […]