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In focus today Today, from the US, the NFIB’s Small Business Optimism index will be released for December. Markets will focus especially on businesses’ perception of upcoming price changes and the outlook for labour markets. In the euro area, focus is on the unemployment figures and German industrial production for November. In October, the euro […]

The post Hard Eurozone Data, Soft US Data appeared first on Action Forex.

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05/07/2024

XAU/USD Outlook: Gold Price Remains at the Front Foot Ahead of US NFP Report

Gold price rose further on Friday morning and pressuring important technical barriers ahead of release of key US NFP report. The metal rose around 1.7% for the week so far, benefiting from weaker dollar on soft US macroeconomic data, which point to a slowing US economy and boost bets for possible Fed rate cut in […]
30/04/2024

Canada’s Economy Continued to Grow in February, No Growth Expected in March

The Canadian economy grew for a second straight month in February, up 0.2% on a month-on-month (m/m) basis. This print comes in slightly below Statistics Canada’s advanced guidance and market expectations for a 0.4% and 0.3% m/m gain, respectively. The flash estimate for March points to flat growth. February’s reading was broad-based, with output expanding […]
13/01/2024

Weekly Economic & Financial Commentary

Summary United States: Inflation’s Downward Trend Remains in Place Inflation continues to cool. Although rising energy prices drove a hotter-than-expected change in the headline CPI, the core CPI was up 3.9% year-over-year in December, bringing the annual change below 4% for the first time in two and a half years. A soft PPI print in […]