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Canadian Highlights Donald Trump will be inaugurated on Monday, and Canadians are bracing for the economic threats in recent weeks to turn into action through a flurry of executive orders. Canada is economically tied to the U.S., with $1.9 billion in daily goods and services exported to its southern neighbour. That amounts to over 20% […]

The post The Weekly Bottom Line: U.S. Economy Sails into Trump’s Presidency at Cruising Speed appeared first on Action Forex.

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Canadian Inflation and Business Outlook Survey to Reveal More Economic Softening

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15/11/2024

EURUSD Faces Decline as Fed Signals Firm Stance

EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials. Federal Reserve Chair Jerome Powell’s recent statement underscored a cautious approach to cutting interest rates, citing persistent GDP growth, robust employment, and ongoing inflationary pressures. This […]
05/08/2024

EURJPY Wave Analysis

EURJPY falling inside accelerated impulse wave c Likely to test support level 158.00 EURJPY currency pair continues to fall inside the accelerated downward impulse wave c of the minor ABC correction 2 from the start of July. The price earlier broke the support zone lying between the support level 162.50 (former monthly low from March) […]
10/12/2024

Dow Jones Wave Analysis

Dow Jones reversed from resistance area Likely to fall to support level 44300.00 Dow Jones index previously reversed down from the resistance area between the resistance level 45000.00 (which has been reversing the index from the end of November), resistance trendline of the daily up channel from August and the upper daily Bollinger Band. The […]