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The Canadian dollar is steady on Friday. In the North American session, USD/CAD is trading at 1.4523, up 0.23% on the day. The week wrapped up with Canada’s GDP, a report card on the strength of the economy. The November reading of -0.2% was a disappointment. This marked the first contraction of the year. There […]

The post Canada’s GDP Declines, Canadian Dollar Lower appeared first on Action Forex.

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18/03/2024

AUD/USD Stabilizes Amid Chinese Economic Data and US Inflation Concerns

The Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark. With a lack of significant domestic data from Australia, the AUD’s movements are largely influenced by the performance of the Chinese yuan and economic developments from China. Recently, the offshore yuan weakened to its lowest in a […]
28/08/2024

Gold Flirts With Short-Term Uptrend Line

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09/04/2024

SPX Perfect Buying Opportunity At The Blue Box Area

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