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Canadian economic growth took a step back in November, falling 0.2% month-on-month (m/m). This was a tick below Statistics Canada’s advanced guidance and consensus expectations. Early estimates from Statistics Canada point to a 0.2% m/m rebound for December GDP growth, due in part to increases in retail trade, manufacturing, and construction activity. November’s reading was […]

The post Canada’s Economy Pulls Back in November, But December Lift is in the Cards  appeared first on Action Forex.

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26/01/2024

ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut

ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut As widely expected, the ECB left its three policy rates unchanged at today’s meeting, leaving its key policy rate (deposit rate) at 4%. Today’s meeting was expected to be a stocktaking meeting with no new policy signals and the ECB delivered just that. […]
01/08/2024

GBPJPY Selling Drama Stretches Below 200-EMA

GBPJPY’s massive sell-off continues, reaches 3-month low Short-term risk bearish but oversold conditions detected BoE policy announcement might influence GBP at 11:30 GMT GBPJPY suffered another bold attack this week, giving back 8% of its value since its peak at a 16-year high of 208.09 on July 11. With downside pressures intensifying below the 200-day […]
11/03/2024

Ethereum (ETHUSD) : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of ETHUSD published in members area of the website. As our members know Ethereum has given us 3 waves pull back recently that found buyers right at the Blue Box ( Buying Area). We have been […]