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Forward Guidance will be on vacation next week, with the next edition to come January 5th, 2024. Happy Holidays! The holiday week ahead is empty of major economic data releases, but the new year will kick off with a fresh set of high profile Canadian and U.S. labour market data. We expect Canadian employment to […]

The post Forward Guidance: December Jobs Data to Add to Evidence that Interest Rates Are High Enough appeared first on Action Forex.

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17/05/2024

S&P 500 Index Hits Record High Amidst Lower Inflation

The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US inflation figures released earlier. Inflation has recently been a critical driver of market volatility, thus its stabilisation […]
19/07/2024

Gold: Reversal or Typical Retreat?

Gold made an impressive 3% surge during the week, breaking May’s all-time highs. However, it then retreated to the downside, selling off throughout the second half of the week. What should you watch out for to see if this is a reversal? Pullbacks after making new highs have been a typical pattern for gold in […]
22/08/2024

WTI Futures Fall to a 7-Month Low

WTI futures drop to their lowest level since January 17 Momentum indicators are heavily tilted to bearish side  WTI oil futures (October delivery) have been in a steady retreat following their rejection at the 200-day simple moving average (SMA) in mid-August. On Wednesday, the price fell to a fresh seven-month low before finding its feet a tad above the […]