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And The Third Plenum Suggests No Major Economic Model Adjustments Summary Recent GDP and activity data from China were underwhelming, and as a result, we have revised our 2024 annual GDP growth forecast lower. With activity sluggish and price pressures still subdued we reiterate our view that the People’s Bank of China (PBoC) will ease […]

The post China Set To Miss Annual Growth Target appeared first on Action Forex.

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13/12/2023

GBP/USD Dips While USD/CAD Could Extend Gains

GBP/USD is moving lower from the 1.2650 resistance. USD/CAD is rising and might aim for more gains above the 1.3620 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline below the 1.2615 support zone. There is a key bearish trend line forming with resistance near 1.2565 on the […]
24/07/2024

NZDUSD Plunges to New Multi-Week Low

NZDUSD dives almost 4% from the July high of 0.6150 Price may rebound off 0.5875 20- and 200-day SMAs record a bearish cross Momentum oscillators indicate upside correction NZDUSD has been creating an aggressive bearish rally since the break beneath the short-term uptrend line, diving almost 4% after the pullback from the 0.6150 resistance. The pair posted a fresh 12-week low […]
04/12/2023

US Jobs Data Eyed Ahead of Next Week’s Fed Rate Decision

The next couple of weeks could be massive for financial markets going into 2024, with a range of data from the US in the coming days setting us up nicely for the Fed meeting on the 13th. The standout event is the jobs report on Friday, with the Fed still seemingly of the view that […]