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In focus today This morning we published our Nordic Outlook with updated economic forecasts. We expect the euro area and the Nordic countries to gradually move out of their current stagnation or mild recession (in Denmark’s case, stagnation outside pharmaceuticals). The US economy is stronger than expected, while China continues to muddle through. Interest rates […]

The post Euro Area and Nordic Countries to Gradually Move Out of Their Current Stagnation appeared first on Action Forex.

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08/05/2024

EURJPY Flirts With 167.00 Again

EURJPY recoups previous losses Rebounds off ascending trend line Surpasses short-term SMAs Oscillators gain momentum EURJPY is flirting with the 167.00 round number after the bounce off the long-term rising trend line and the 164.00 handle. The pair has been developing within an upward tendency since the beginning of December with no violations of the […]
30/11/2023

Canadian Dollar Steady ahead of GDP

Canada’s GDP expected to remain at 0.0% The Canadian dollar is steady on Thursday. In the North American session, USD/CAD is trading at 1.3602, up 0.11%. Canada’s GDP expected to flatline Canada’s economy has been stalling and today’s GDP release is expected to confirm that trend. August GDP came in at 0.0% and no change […]
12/09/2024

EUR/USD Outlook: EUR/USD Awaits ECB’s Verdict

EURUSD stays in a quiet mode early Thursday as traders reduced speed ahead of key event of the day – ECB policy decision. The central bank is widely expected to cut rates by 25 basis points to 3.5%, after June’s 0.25% rate cut. With today’s cut being almost certain, markets turn focus towards ECB’s next […]