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Canada to release retail sales today, GDP on Friday US GDP expected to confirm estimate 5.2% gain The Canadian dollar is slightly higher on Thursday. In the European session, USD/CAD is trading at 1.3324, down 0.19%. Canadian retail sales, GDP expected to improve It’s a busy end of the week for Canadian releases, with retail […]

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

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28/08/2024

Gold Flirts With Short-Term Uptrend Line

Gold lies within near-term SMAs Momentum oscillators head down Gold unsuccessfully tested the all-time high of 2,531.66 again today, but it is still above the 2,500 round number and the short-term uptrend line. Currently, the price is challenging the 20- and 50-period simple moving averages (SMAs) in the 4-hour chart, with the technical oscillators showing some weakening momentum. […]
03/07/2024

AUD/USD Sees Uptick Amidst Mixed Sentiment

AUD/USD has climbed to 0.6676 yet remains in a “sideways” pattern, indicating a lack of clear directional momentum in the market. The Australian dollar’s appreciation is linked to a softening in the US dollar’s stance, influenced by remarks from Federal Reserve Chair Jerome Powell. Powell highlighted the need for further economic data to assess the […]
12/09/2024

NZ Dollar Drifting Ahead of Manufacturing Data

The New Zealand dollar is showing little movement on Thursday. NZD/USD is trading at 0.6139 at the time of writing, up 0.05% on the day. New Zealand’s Manufacturing PMI expected to improve New Zealand’s manufacturing sector has been in the doldrums, as the manufacturing PMI has posted 17 consecutive declines. Friday’s PMI is expected to […]