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Canadian economic growth started 2025 on strong footing, growing by 0.4% month-on-month (m/m). This was a tick above Statistics Canada’s and consensus expectations for a 0.3% m/m gain. In February, Statistics Canada estimates that the Canadian economy held flat. January’s reading was broad-based, with output expanding in 13 of 20 industries. Growth in goods industries […]

The post Canada’s Economy Surged in January, But Near-Term Growth Poised to Cool appeared first on Action Forex.

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U.S. Personal Income Continued to Rise Strongly, But Spending Disappointed in February

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Week Ahead – US NFP and Eurozone CPI Awaited as Tariff War Heats Up, RBA Meets

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30/01/2024

Sunset Market Commentary

Markets There were few data to inspire global trading today. With policy meetings scheduled on Wednesday and on Thursday, Fed and BoE MPC members currently also abstain from comments on monetary policy. Luckily, ECB governors are again free to speak and temporarily have some kind of monopoly in setting sentiment. Looking at the comments post […]
19/03/2024

Where Are the Yen Bulls?

We expected – at the start of this year – that March would bring a Fed rate cut. It brought a BoJ rate hike instead. Yes, the Bank of Japan (BoJ) scrapped its negative rate policy, raised the rates from -0.10% to 0%, ditched its YCC policy and ended the purchases of ETF and Japanese […]
22/02/2025

Markets Weekly Outlook – US PCE, Japanese Inflation & Tariffs in Focus

US equity markets experienced a slight downturn due to concerns about inflation impacting consumer spending, highlighted by Walmart’s cautious outlook. The upcoming US PCE data is crucial as the Fed’s preferred inflation measure. Japanese inflation data will also be key this week as markets eye the Bank of Japans next move. German elections take place […]