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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 […]

The post USD/CAD Eyes Canada’s GDP appeared first on Action Forex.

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24/01/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance level 1.9310 Likely to fall to support level 1.9150 GBPUSD currency pair under the bearish pressure after the earlier downward reversal from the resistance level 1.9310, which has been reversing the price from the middle of October. The resistance level 1.9310 was further strengthened by the nearby 50% Fibonacci correction of […]
23/08/2024

Gold Struggles After Reaching New Highs

Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed to seize the initiative finally, and on Thursday, gold lost more than 1%, falling back to the depths of the upward trend established in April. We also pay attention to […]
08/11/2024

EUR/USD Stabilises, Considers Trump’s Impact

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