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Canadian Q4 and December GDP growth numbers will be in focus for the Bank of Canada after a busy week where inflation numbers for January broadly surprised to the downside. We expect Q4 GDP growth to remain in positive territory with a small annualized increase of 0.5%. That will prevent the economy from seeing two […]

The post Forward Guidance: Q4 GDP Likely Edged Higher But Not Enough to Prevent Sixth Per-Capita Decline appeared first on Action Forex.

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Forex and Cryptocurrencies Forecast

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15/07/2024

Bitcoin Has Surfaced Following a Dive

Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were clearly encouraged by how the market stood up to the roughly $2.9bn sell-off in bitcoin by German authorities. The […]
09/01/2024

Nasdaq-100 Index Wave Analysis

Nasdaq-100 index reversed from support level 16170.00 Likely to rise to resistance level 16930.00 Nasdaq-100 index recently reversed up from the pivotal support level 16170.00 (former double top from the end of November) intersecting with the 38.2% Fibonacci correction of the upward impulse from November. The upward reversal from the support level 16170.00 stopped the […]
19/01/2024

EURCHF Wave Analysis

EURCHF broke resistance level 0.9410 Likely to rise to resistance level 0.9500 EURCHF currency pair recently broke the key resistance level 0.9410 intersecting with the 50% Fibonacci correction of the previous downward impulse from December The breakout of the resistance level 0.9410 accelerated the active short-term ABC correction 4. Given the strong Swiss franc sales […]