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Instrument of the Week (25-29 March): GBPCAD Spotlight Discover why FBS reduced the GBPCAD spread and what to do next! The final week of March 2024 is critical for traders and investors watching the GBPCAD currency pair, with significant economic data releases from the United Kingdom and Canada. The UK will announce its final GDP […]

The post Instrument of the Week (25-29 March): GBPCAD Spotlight appeared first on Action Forex.

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02/05/2024

US: Manufacturing Slips Back into Contraction in April, But Price Pressures Pick Up

The ISM Manufacturing Index slipped back into contractionary territory in April, dipping to 49.2, from 50.3 in March. Even so, 9 of 16 industries reported growth in April – the same as in March. Demand softness was reflected by the new orders and new export orders sub-indices both flipping back into contraction, after pointing to […]
22/04/2024

GBPUSD Wave Analysis

GBPUSD broke key support level 1.2535 Likely to fall to support level 1.2335 GBPUSD currency pair continues to fall strongly after breaking the key support level 1.2535, which has been steadily reversing the price from December. The breakout of the support level 1.2535 coincided with true breakout of the 38.2% Fibonacci correction of the previous […]
30/08/2024

Sunset Market Commentary

Markets Easy base effects due a high monthly EMU CPI reading last year already foreshadowed a substantial cooling of EMU headline inflation this month. On top of that, German (2.0%) and Spanish (2.4%) national data published yesterday surprised slightly to the downside. Maybe there was room for the EMU figure to also touch the psychological […]