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Retail sales declined by 0.1% month-on-month (m/m) in February, coming in weaker than Statistics Canada’s advance estimate for a 0.1% gain. January’s print was unchanged at -0.3% m/m. Adjusted for inflation, the volume of retail sales was down 0.3% in January after two months of gains. Sales at motor vehicle and parts dealers rose by […]

The post Canada: Retail Sales Registered Loss in February, Auto Sales Partially Recover appeared first on Action Forex.

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20/05/2024

Bitcoin Cautious Despite Global Rise in Risk Appetite

Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, remaining just below $67K. That’s a gain of 8.4% in seven days and a retest of the previous peak area […]
11/06/2024

Crypto Nosedive

Market Picture The cryptocurrency market spent Monday in a very narrow range but started Tuesday with a violent sell-off, losing over 2.8% in 24 hours to $2.47 trillion. Bitcoin is retreating at the same pace as the market as a whole, while Ethereum is down 3.5%. Top altcoins are losing between 2% (Cardano) and 6.6% […]
23/07/2024

EUR/JPY Outlook: Collapses to Five-Week Low on BoJ Rate Hike Signals

EURJPY fell nearly 1% on Tuesday, as yen rose across the board on hawkish talks which may prompt BoJ for more rate hikes. The pair broke below psychological 170 support, hitting the lowest levels in five weeks and cracked Fibo 76.4% retracement of 167.52/175.42 upleg. Technical picture weakened further on daily chart, with daily close […]