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A single event or trend never occurs in isolation. Reactions to it, as well as independent forces working in the opposite direction, mean the net overall effect can be uncertain and changeable. This week we release our Market Outlook for March, updating our economic and financial forecasts. As well as the abrupt shift in market […]

The post Caught in the ‘Net’ appeared first on Action Forex.

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Fed Expected to Keep Interest Rates on Hold, Canadian Price Growth to Move Higher

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28/03/2024

Canada’s Unemployment Rate Will Continue to Tick Higher Despite Job Gains

Next Friday’s employment data is expected to show job growth remained in positive territory (+25,000 from February), but again it will not be enough to keep up with surging growth in labour supply. Therefore, we forecast another tick higher in the unemployment rate to 5.9% from 5.8%—further above the 5% in January 2023. So far, […]
27/05/2024

EURUSD Ticks Up Before Testing Descending Trendline

EURUSD retreats from a fresh 2-month high of 1.0894 But meets support a tad above its long-term restrictive trendline Oscillators suggest bulls remain in charge despite the latest drop EURUSD had been in a steady advance following its 2024 bottom of 1.0600 on April 16. However, the pair reversed lower after its rejection at a fresh two-month […]
12/06/2024

A Meli-Melo of Politics and Economics

We have different moods on different continents this week. The European equities remained under the pressure of heating French political tensions on Tuesday, as the Republican President Ciotto suggested that his party should consider teaming up with Le Pen’s party – a limit that many Republicans still consider as being a thick red line that […]