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Retail sales declined by 0.6% month-on-month (m/m) in January, following December’s outsized gain of 2.6% (previously reported as 2.5%). The result came in below the Statistics Canada’s advanced estimate of 0.4%. After adjusting for inflation, the volume of retail sales posted a sizeable decline of 1.1% m/m in January. A big part of the weakness […]

The post Canada: Retail Sales Edge Lower in January Ahead of Looming Tariff Storm appeared first on Action Forex.

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25/11/2024

GBPUSD Wave Analysis

GBPUSD broke support zone Likely to fall to support level 1.2465 GBPUSD currency pair recently broke the support zone located between the support level 1.2620 (former monthly low from June) and the support trendline of the daily down channel from September. The breakout of this support zone accelerated the active minor impulse wave 3 of […]
23/02/2024

USDCAD Uptrend Loses Power

USDCAD lacks strength but holds near key support zone Short-term bias looks neutral USDCAD has been facing difficulties in printing new higher highs for more than a week now, shifting to the sidelines to trade around 1.3480. The technical indicators are mirroring the absence of buying interest, with the RSI easing towards its 50 neutral mark and […]
09/07/2024

DAX Elliott Wave: Buying the Dips at the Blue Box Area

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. As our members know DAX is showing impulsive bullish sequences and we are keep favoring the long side. Recently we got a 3 waves pull back that has […]