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Markets European PMIs offered a first glimpse of the impact on the German-European defense initiative on business. So far, though, the huge government spending announcements only lifted the forward looking indicator (sentiment towards future activity), specifically in Germany. That makes sense of course since all of this still needs to translate into actual policy decisions […]

The post Sunset Market Commentary appeared first on Action Forex.

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08/06/2024

Canada’s Unemployment Rate Continued to Rise in May, as Job Gains Lag Population Growth 

The Canadian labour market geared down from its April hiring surge, adding a modest 27k new positions in May. The gain was entirely in part-time jobs (+62k), while full-time employment declined (-36k). The unemployment rate continued its upward trend in May. The unemployment rate rose one tenth from April to 6.2% in May, as 54.5k […]
26/04/2025

Markets Weekly Outlook – Data Dump Ahead as Tariff Concerns Linger

Global stocks saw a positive week due to easing US-China trade war concerns, despite mixed messages from President Trump. Gold experienced a decline as safe haven flows decreased, while Bitcoin saw a significant increase. The US Dollar Index is aiming for its first weekly gain since mid-March but remains vulnerable below the 100.00 level. The […]
07/01/2025

Gold (XAU/USD) Price Outlook: Bulls to Take Charge? US Services PMI Ahead

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