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Canada’s trade deficit widened from a revised $2.3 billion in March to $7.1 billion in April. This is the widest monthly trade deficit on record. Merchandise exports cratered (-10.8% m/m) continuing their slide from February and March’s much smaller declines. The drop in exports was broad-based, falling in 10 of 11 industries. Exports of passenger […]

The post Export Slowdown Widens Canadian Trade Deficit in April appeared first on Action Forex.

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20/06/2024

FTSE 100 index Wave Analysis

FTSE 100 index reversed from support level 8140.00 Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the key support level 8140.00 (which has been reversing the price from the end of April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 8140.00 completed the […]
13/11/2024

Australian Dollar Eyes Employment Data

The Australian dollar is steady on Wednesday. In the European session, AUD/USD is trading at 0.6525, down 0.12% on the day. Australia’s wage inflation within expectations Wage inflation in Australia eased to 3.5% y/y in the third quarter, down from 4.1% in Q2 and just shy of the market estimate of 3.6%. This was the […]
13/03/2024

US Dollar Strengthens Amid Inflation Data

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