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In focus today The focus in the Nordics for today will be the Q2 GDP report from Sweden due at 08.00 CET. The unofficial GDP indicator showed a 0.8% q/q drop in GDP, however, that seems a tad excessive to us and we would not be surprised if today’s release indicates slightly less negative growth. […]

The post CPI from Spain and Germany to Give Direction for Tomorrow’s EA Print appeared first on Action Forex.

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03/01/2024

USD/CAD Price Analysis: Maintains Its Position Near 1.3330 Ahead of US Key Events

USD/CAD moves sideways after halting a winning streak that began on December 27. MACD indicator suggests a potential shift in the pair’s direction. A break above the 23.6% Fibonacci retracement at 1.3351 could lead the pair to surpass the 21-day EMA at 1.3363. USD/CAD hovers near 1.3330 during the Asian session on Wednesday. The USD/CAD […]
11/12/2023

Gold Technical: Extension of Corrective Decline Ahead of FOMC

Lofty dovish expectations of 4 Fed funds rate cut in 2024 are at risk of being dialed back. Short-term bullish momentum has resurfaced in the US 10-year Treasury real yield. Spot Gold (XAU/USD) may continue its short-term corrective decline sequence. Watch the key short-term resistance at US$2,040 on Spot Gold (XAU/USD). Spot Gold (XAU/USD) has […]
13/08/2024

GBPUSD Battles With 50-day SMA

GBPUSD advances after its bounce off 200-day SMA A potential breach of 50-day SMA could improve outlook Oscillators suggest strengthening positive momentum GBPUSD had been on the rise following its deflection at the 200-day simple moving average (SMA) on August 8. After four consecutive daily green candlesticks, the pair is on track to reclaim its 50-day SMA […]