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Headline CPI inflation for September came in at 2.4% year-on-year (y/y), ahead of expectations for a 2.2% y/y print. September’s reading was up from 1.9% in August. Gasoline prices again provided a smaller drag to the headline, down 4.1% y/y from -12.7% last month. On a monthly basis, prices rose 1.9%, with refinery disruptions and […]

The post Canada: Inflation Ticks Higher, Surpassing Expectations, as Underlying Inflation Fails to Moderate appeared first on Action Forex.

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20/03/2024

Bitcoin and Ethereum Seek Support

Market picture The crypto market correction continues to deepen, although there have been some signs of stabilisation since the start of the day on Wednesday. The decline has continued for a whole week, reducing the market cap by almost 15%. The total cap was down to $2.28 trillion on Wednesday morning, rising to $2.35 trillion […]
21/07/2024

Forex and Cryptocurrency Forecast

EUR/USD: FOMC – Are Surprises Expected on 31 July? This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and the morning of the 19th, system administrators and users encountered non-functional servers and PCs running Windows. These systems began displaying […]
07/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart is currently exhibiting a bearish overall momentum, and there’s a possibility of a bearish reaction off the 1st resistance level, leading to a potential drop towards the 1st support. On the support side, the 1st support at 103.69 is identified as an overlap support level, suggesting it could […]