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Canadian gross domestic product for January is expected to show modest growth on Thursday, while employment data will highlight whether weakness in job vacancies and wage growth still persists ahead of the Easter long weekend. We expect the Canadian economy to edge up 0.2% after a flat reading in December—and below the 0.4% increase forecasted […]

The post Canada’s January GDP to Edge Higher on Recovery from Quebec Strike appeared first on Action Forex.

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23/07/2024

AUDUSD Tumbles Below Key 0.6690 Zone

AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared the key barrier of 0.6690. Now, the pair is back within the […]
02/01/2024

EURUSD Fails Again at Key Resistance Area

EURUSD in the red again today after making a new 5-month high The key resistance area at 1.1032 is playing a key role in this move Momentum indicators signal that the current bullish move has probably ended EURUSD is registering its third straight red candle, after reaching a new 5-month high at 1.1139. However, the […]
21/06/2024

USD/JPY on the Rise: Surges To Aim For New Highs

Key Highlights USD/JPY gained pace and cleared the 158.20 resistance. A major bullish trend line is forming with support at 158.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0765 resistance zone. The US Manufacturing PMI could decline from 51.3 to 51.0 in July 2024 (Preliminary). USD/JPY Technical Analysis The US Dollar remained […]