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Another busy week of data releases should show further signs that the economic growth backdrop in Canada has softened. Preliminary estimates from Statistics Canada a month ago pointed to a 2.7% drop in manufacturing sales in October. Part of that decline was due to a sharp drop in petroleum prices, overall manufacturing output prices were […]

The post Canadian Growth Still Softening While U.S. Outperformance Stretches On appeared first on Action Forex.

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21/12/2023

After BoJ Decision, Yen Traders Turn to CPIs and Summary of Opinions

BoJ keeps policy ultra-loose, does not hint at change Friday’s data may reveal slowdown in inflation Wage negotiations key for exiting negative rates Next week’s Summary of Opinions also in focus Yen traders turn attention to national CPI numbers On Tuesday, the Bank of Japan decided unanimously to keep interest rates untouched at -0.1% and […]
21/08/2024

GBP/USD Gathers Pace, More Gains In Sight?

Key Highlights GBP/USD started a fresh increase above the 1.2920 resistance. It broke a major bearish trend line with resistance at 1.2765 on the 4-hour chart. Gold prices are consolidating gains above the $2,500 resistance. EUR/USD surged toward the 1.1120 level and aims for more upsides. GBP/USD Technical Analysis The British Pound formed a base […]
29/11/2023

VIX Drop: Stocks Collapse or Boring Growth Ahead?

Financial market volatility has plunged to its lowest level in almost four years, according to the VIX index. This so-called “fear index” fell to 12.45 on Friday, the lowest level since January 2020. Such low levels could be both a sign of the market entering a smooth bullish trend or a lull before a sharp […]