Logo-color Logo-white

European and US markets nosedived yesterday on the back of ‘good news is bad news’ and the futures hint at a bearish start to Thursday’s session. First, Spain, France and Germany revealed better-than-expected growth numbers in Q3. Germany even eked out an unexpectedly positive figure, which certainly helped – I wouldn’t say ‘to improve’ the […]

The post US GDP Update Came in Slightly Softer Than Expected appeared first on Action Forex.

previous

Bank of Japan Delivered Much-Anticipated Status Quo

next

US Nonfarm Payroll Report: Market Insights

Read More

25/05/2024

Canadian GDP Per Capita Likely Shrunk for Seventh Consecutive Quarter in Q1

The Canadian economy likely grew more quickly in Q1 2024 based on headline figures, but it was not fast enough yet again to keep up with surging population growth. That means gross domestic product on a per-person basis contracted for a seventh consecutive quarter. We look for an annualized 2.5% increase in Q1 GDP from […]
23/05/2024

Sunset Market Commentary

Markets European May PMIs were generally speaking good. The services reading stabilized at a decent 53.3 in May but a better-than-expected improvement in the admittedly still struggling manufacturing sector (from 45.7 to 47.4) lifted the composite figure to the highest in a year (52.3). S&P Global estimates Q2 growth at 0.3% while projecting an annual […]
27/09/2024

USD/CAD Eyes Canada’s GDP

The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3476 at the time of writing, up 0.08%. Canada’s GDP expected to remain unchanged Canada’s GDP for July is expected at 0.1% m/m, unchanged from June. The economy managed a respectable gain of 2.1% y/y in the second quarter but […]