Logo-color Logo-white

Canadian Highlights Canada initially appeared to have dodged tariffs on Trump’s Liberation day. But still facing three separate tariff actions, Canada’s effective tariff rate is close to 10%. Canada’s job market is already starting to show some softness, with net job losses and a higher unemployment rate in March. The jobs data has shifted market […]

The post The Weekly Bottom Line: A Return to Turbulent Times appeared first on Action Forex.

previous

Focus on Inflation Trends in Canadian Business Survey and U.S. CPI

next

EUR/USD Trims Gains, Can This Support Hold?

Read More

12/06/2024

US CPI and FOMC Rate Decision Today

In focus today Today’s main events will be the US May CPI at 14.30 CET followed by the FOMC rate decision at 20.00 CET. We expect the Fed to maintain monetary policy unchanged in line with broad consensus and market pricing. The median rate projection on the updated ‘dot plot’ is likely to signal only […]
19/02/2025

GBPAUD Technical Analysis

The British Pound (GBP) is slightly weaker than the US Dollar (USD), down by about 0.2%, while the USD remains strong. According to Shaun Osborne, Chief FX Strategist at Scotiabank, the Pound is struggling to keep its gains despite positive news about wages and jobs in the UK. Recent data showed that wages in the […]
27/06/2024

More Verbal Intervention Warnings by Japanese Top Officials

Markets The sell-off at the long end of the US Treasury curve was the odd one out yesterday. The US Note future slid from start to finish with tenors from 7- to 30-yr adding around 8 bps. From a technical point of view, this lifts the 10-yr yield away from the recent lows/support zone near […]