Logo-color Logo-white

Canada’s retail sales expected to fall to zero The Canadian dollar is showing limited movement for a second straight day. In the European session, USD/CAD is trading at 1.3496, down 0.13%. Markets brace for stagnant retail sales Canada releases retail sales for November later today, and the markets are expecting no growth, following a 0.7% […]

The post Canadian Dollar Drifting Ahead of Retail Sales appeared first on Action Forex.

previous

Why Sell Technology Stocks When You Can Buy Them?

next

The Weekly Bottom Line: A Resilient Consumer Dims Hopes for an Early Rate Cut

Read More

15/12/2023

Week Ahead – BoJ Meets for the Last Time in 2023, US Core PCE and UK CPIs Also On Tap

Yen traders await BoJ decision for pivot clues US core PCE index the highlight of the US agenda UK CPI numbers to be the pound’s next test Loonie and aussie await Canada’s CPIs and RBA minutes Will BoJ policymakers hint at the end of negative rates? Following a barrage of central bank decisions this week […]
06/08/2024

The Rise and Fall of Copper – Could You Have Caught the Top With These Forecasting Techniques?

Copper has been a hot commodity, literally. If we look at Copper’s price action history on the daily chart, there is a giant spike from the 3.60 to 5.25 area in just a few months. After that, Copper has crashed back down to just 4.10 today shown here. What forecasting techniques could we have used […]
28/03/2024

USDJPY Wave Analysis

USDJPY reversed from multi-year resistance level 151.357 Likely to fall to support level 146.90 USDJPY currency pair recently reversed up from the powerful multi-year resistance level 151.357 (former monthly high from 2022), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 151.357 stopped the previous minor corrective wave 2 […]