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The morning NA session follows a quasi-dead European overnight trading. This tends to happen when a lack of data adds to the Summer trading when volumes are typically subdued. The Dollar Index had been in the middle of many headwinds, as per usual. After a stellar July followed by and N-shaped (for nope) downward spiral […]

The post Dollar (DXY) Pauses at 98.00 as Markets Await Clarity – What’s Next? appeared first on Action Forex.

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22/03/2025

Canada’s January GDP Likely Expanded Ahead of Intensifying Trade Risks

U.S. tariff risks continue to cloud the outlook for Canada, but January’s gross domestic product report should show further signs of life in an economy that broadly underperformed global peers in the previous two years. We expect GDP increased 0.2% from December—adding to the 0.2% increase in December and slightly lower than Statistics Canada’s preliminary […]
09/12/2023

Weekly Economic & Financial Commentary: Global Central Banks Holding Steady

Summary United States: The Machine of a Dream Nonfarm payrolls increased 199K in November, and the unemployment rate fell 0.2 percentage points to 3.7%. The decline in the already historically low unemployment rate suggests that while the labor market is cooling, it remains exceptionally tight. Next week: Consumer Price Index (Tue.), Retail Sales (Thu.), Industrial […]
14/10/2024

Bitcoin and Ethereum Are Trying to Break Resistance

Market Picture The crypto market is sitting at $2.23 trillion, roughly back to levels of a week earlier, with two legs of growth—at the end of the day on Thursday and the start of trading on Monday. Sentiment has returned from fear to neutral territory (48), while sentiment in US stock indices is close to […]