Logo-color Logo-white

Key insights from the week that was. In Australia, the Westpac-MI Consumer Sentiment Index was broadly unchanged in February, nudging just 0.1% higher from 92.1 to 92.2. Though, this ‘cautiously pessimistic’ tone marks a material improvement from the last two-and-a-half years of deep pessimism, aided by more constructive views on future conditions. Indeed, the constituent […]

The post Cliff Notes: Resilience Offers Promise appeared first on Action Forex.

previous

USD/JPY Eyes Another Drop—Key Support Levels in Focus

next

Narket Reaction to Tariff Announcement Muted

Read More

07/03/2024

Canada’s Trade Accounts Register a $496 Million Surplus in January

Canada’s merchandise trade balance flipped back into black ink after December’s deficit, which was revised downward to $863 million. January’s surplus was modest at $496 million, as exports fell less than imports. Exports fell by 1.7% month-on-month (m/m) in January, a third consecutive pull back. The contribution was broad-based, with 8 of 11 sectors posting […]
30/01/2025

USDCAD: BoC Rate Cut and US Tariff Threats Weaken Loonie

Fundamental Analysis: On January 29, 2025, the Bank of Canada (BoC) cut its interest rate by 25 basis points, bringing it to 3%. This decision, the sixth consecutive reduction, stems from a weak economy and persistently low inflation. Additionally, the BoC warned that the 25% tariffs the United States plans to impose on Canadian imports […]
13/02/2024

Nikkei 225 Index Price Sets 34-year High

The price of the Nikkei 225 index is fixed above the level of 37,000 points. The last time this happened was after the index reached its all-time high in 1989. The bullish behavior of the Japanese stock market has the following reasons: → Strong corporate reporting. In particular, SoftBank shares rose 11% due to increased […]