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Headline CPI inflation for June came in at 1.9% year-on-year (y/y), heating up from the 1.7% print in May and in line with expectations. The uptick was due to gasoline prices falling to a lesser extent in June (-13.4% y/y vs. -15.5% in April) and faster price growth for passenger vehicles and furniture. Prices for […]

The post Canada: Inflation Ticks Higher in June as Fall in Gasoline Prices Abates appeared first on Action Forex.

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Asian Stocks Rise on China Data, Gold Gains as US Dollar Softens; EUR/USD

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13/12/2024

USD/JPY At Crossroads: Key Levels In Focus

Key Highlights USD/JPY started a fresh increase above the 151.00 resistance zone. It cleared a key bearish trend line with resistance at 151.20 on the 4-hour chart. EUR/USD failed to recover above the 1.0620 level and trimmed some gains. Ethereum extended gains and might stabilize above the $4,000 level. USD/JPY Technical Analysis The US Dollar […]
20/03/2025

Pound Hits 4.5-Month High: New Peaks on the Horizon

The GBP/USD pair surged to 1.3008 on Thursday, marking its highest level in 4.5 months. This upward momentum has fuelled speculation about additional gains for the British pound. Global Factors to Drive GBP/USD Movement The market has largely priced in the US dollar’s decline, which has provided a tailwind for the pound. The UK is […]
08/01/2024

EUR/USD: Near-Term Action Remains in Sideways Mode and Looks for Direction Signals

Near-term action remains directionless and holding within the range which extends into fourth consecutive day. Friday’s long-legged Doji, left after turbulent post-NFP action, contributes to sideways mode, along with mixed daily technical studies. Moving averages are setup, though converging 55/200DMA’s are on track to generate bullish signal on potential formation of a golden cross. Also, […]