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Summary Tensions between the United States and China have ratcheted higher since “Liberation Day.” We now believe the outlook for China’s economy and currency has shifted away from our original base case and into our “protracted trade war” downside scenario. The growth outlook for China has materially worsened and tensions are likely to escalate through […]

The post U.S.-China Trade Tensions Enter a New Phase appeared first on Action Forex.

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The Weekly Bottom Line: Tariff Rollercoaster Continues, Trade Fight with China Escalate

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26/07/2024

Canadian GDP Growth to Slow, U.S. Fed to Stand Pat

The week ahead is a busy one on the data calendar with the release of Canada’s gross domestic product for May and the U.S. Federal Reserve’s decision on interest rates on Wednesday, followed by U.S. payroll employment data on Friday. Canadian GDP data should continue to point to a weakening economy in Q2. We expect […]
11/03/2024

EUR/USD Hits 8-Week High

The euro is trading above USD 1.09, hitting its strongest point since mid-January on Friday, helped by news from both the US and Europe. Friday’s news showed that the US labor market is weakening: → The change in employment in the non-farm sector showed an increase in jobs = 275k for the month, although last […]
07/08/2024

EURCAD Wave Analysis

EURCAD reversed from resistance level 1.5110 Likely to fall to support level 1.5000 EURCAD currency pair recently reversed down from the long-term resistance level 1.5110 (which has been reversing the price from the start of 2011), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 1.5110 created the weekly […]