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Falling energy prices in September likely pushed Canadian inflation even lower than in August when the headline consumer price index fell to the Bank of Canada’s 2% target for the first time in more than three years. Year-over-year headline CPI is expected to have eased to 1.8% in September from 2% in August, while the […]

The post Inflation Expected to Keep Dropping Below 2% in Canada appeared first on Action Forex.

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13/03/2024

EURGBP Starts to Take a Bullish Shape

EURGBP gets rejected near 50-day SMA after rebound Market structure develops into a bullish double bottom pattern Buyers need a rally above 0.8577 to dominate EURGBP could not surpass its 50-day simple moving average (SMA) at 0.8553 on Tuesday. However, the bullish double bottom pattern, which started to take shape around February’s base of 0.8500, might […]
20/03/2024

Dollar Index: Bulls Hold Grip on Expectations that Fed Will Keep Hawkish Stance

The dollar index continues to trend higher and hit two-week high on Wednesday, benefiting from the hawkish outlook from the Fed, as the central bank will deliver its monetary policy decision later today. The central bank is not expected to make any changes to the policy, with high interest rates to be kept for extended […]
15/10/2024

Natural Gas Price Drops Over 8% Since the Start of the Month

On 26 September, when analysing the XNG/USD natural gas price chart, we noted that: → Bulls might be “gathering strength” for a potential attempt to break the psychological level of 3.00. → If successful, this would pave the way towards the yearly high around 3.20. Since then, the price of natural gas: → Broke above […]