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Key Highlights EUR/USD started a major decline below the 1.0780 support. It traded below a key bullish trend line with support at 1.0850 on the 4-hour chart. Iran launched more than 300 drones and missiles at Israel in an unprecedented attack late Saturday. Gold prices rallied above $2,400 before there was a sharp downside correction. […]

The post EUR/USD Takes Hit As Israel-Iran Tension Escalates appeared first on Action Forex.

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24/08/2024

Canadian Q2 GDP Report to Reveal More Softness in the Economy

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 […]
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US Private Sector Slowed Hiring, ADP Says

ADP reported a 103k increase in new private sector jobs in the US, against expectations of 130k and 106k (revised from 113k) a month earlier. This indicator was designed as the last insight on the jobs market before the official data. In the last three months, according to ADP, the private sector has been creating […]
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Bitcoin Under Pressure But Beats Expectations

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