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The NFIB’s Small Business Optimism Index fell 2.3 points to 102.8 in January, disappointing market expectations for a smaller decline to 104.7. Seven out of ten subcomponents deteriorated on the month, with the remaining categories roughly unchanged. The largest declines came from the share of businesses planning to make capital expenditures (down 7 points to […]

The post US: Small Business Optimism Index Cools to Start 2025 appeared first on Action Forex.

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25/01/2025

BoC to Slow Rate Cut Speed as U.S. Fed Moves to the Sidelines

The Bank of Canada is expected to cut interest rates at a more gradual 25 basis-point pace on Wednesday following 50 bps cuts in each of the two prior meetings—widening a gap with U.S. policy rates as the Federal Reserve is widely expected to forego a January rate cut. A weak Canadian economy has prompted […]
29/08/2024

EURGBP Flirts With Key Support Territory

EURGBP tumbles, but finds support near 0.8400 RSI and MACD detect bearish momentum But a break below 0.8380 is needed for further declines A move above 0.8500 could keep the picture neutral EURGBP has been in a steady slide since August 8, when it hit the key resistance zone of 0.8625. That said, the pair […]
17/05/2024

Canadian Inflation Prints to Show Another Step Down in April

Next week’s Canadian April inflation report will be the last major data release before the Bank of Canada’s next interest rate decision on June 5th. Absent an upside surprise, we think the soft conditions in the economy and labour markets should warrant a 25-bps interest rate cut from the BoC in June. In April, we […]