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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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22/11/2024

British Retail Sales Decline, Pound Extends Losses

The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales weaker than expected UK retail sales disappointed in October, with a sharp decline of 0.7% m/m. This follows a downwardly revised 0.1% gain in […]
13/09/2024

Gold Price Hits New Record

As shown by the XAU/USD chart: → Gold has reached a new all-time high; → This morning, gold is trading around $2,567 per ounce. Bullish sentiment is being driven by expectations of a Federal Reserve rate cut next week. According to MoneyControl, the International Monetary Fund stated on Thursday that it would be “appropriate” for […]
23/04/2024

Platinum (PLAT) Turning Higher

Platinum (PL) looks to have formed a bottom and the metal has started to rally higher in the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave chart for the metal. Monthly chart of Platinum […]