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Markets US Treasuries sold off in a steepening move last Friday as the US informed more countries on the reciprocal tariff rate that would apply to them unless they secured a trade deal by August 1st. Mexico and Canada for example, which were exempt on Liberation Day, now face reciprocal charges of respectively 30% and […]

The post Market Reaction to Tomorrow’s US Inflation Numbers Might be a Point in Case, appeared first on Action Forex.

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17/04/2024

Brent crude prices dip amid concerns over global demand

Brent crude oil prices decreased slightly on Wednesday, falling to 89.50 USD per barrel. The decline is primarily attributed to concerns over global oil demand, particularly given the economic indicators coming out of China, the world’s largest energy importer. Although China’s GDP grew faster than expected in Q1 2024, other critical economic parameters such as […]
04/05/2024

Canadian Jobs Data to Show Further Labour Market Softening

The Canadian labour market report will be watched closely next Friday for further signs of deterioration in the country’s economic backdrop. We look for an increase of 15,000 workers after a small 2,000 drop in employment in March. But the unemployment rate will hold steady at 6.1%—its highest level since January 2022 and up from […]
14/03/2025

Gold Poised for Record Highs Strong Demand and Stable Outlook

On Friday, the price of Gold surged to 2,983 USD per troy ounce, marking a new record high. The precious metal closed the week with a gain of over 2%, driven by a decline in risk appetite and growing expectations of interest rate cuts by the Federal Reserve. Key drivers behind Gold’s rally The ongoing […]