Logo-color Logo-white

Retail sales grew by 0.9% month-on-month (m/m) in December, coming in stronger than Statistics Canada’s advance estimate of 0.8% m/m. In addition, November’s print was revised up to a flat reading from -0.2% m/m reported earlier, making today’s growth even stronger. Adjusted for inflation, the volume of retail sales were up 0.8% in December from […]

The post Canada: Retail Trade Rebounds in December, November Reading Revised Higher appeared first on Action Forex.

previous

Sunset Market Commentary

next

EUR/USD – A Bullish Breakout or Just Further Consolidation?

Read More

13/09/2024

The U.S. Fed Will Finally Start Cutting Interest Rates

Wednesday will mark a much anticipated first interest rate cut from the U.S. Federal Reserve. Gradual but persistent labour market softening and slowing inflation make it clear that current high interest rates are no longer needed. Indeed, the U.S. unemployment rate ticked lower in August but that was after having trended persistently higher over the […]
07/09/2024

Markets Weekly Outlook – ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data […]
16/07/2024

Natural Gas Wave Analysis

Natural gas broke key support level 2.200 Likely to fall to support level 2.00 Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from February. The breakout of the support level 2.200 accelerated the active impulse wave 3 of the sharp downward impulse wave […]