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Canadian Highlights Headline inflation for the month of May landed in line with expectations of a soft print. Core measures, while still elevated, showed signs of cooling. Industry-based GDP contracted in April, with a similar fate expected in May. Tariff-exposed industries are bearing the brunt of the blow. Canada committed to the new NATO pledge […]

The post The Weekly Bottom Line: Canada – Inflation, GDP Confirm Economic Slowdown appeared first on Action Forex.

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Franc Appreciates Despite Risk-On Mood

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06/02/2024

NZD: Unemployment Rate Could Weaken NZD

Traders are closely monitoring Fed speeches, particularly Fed’s Mester speech scheduled for Tuesday, for further insights into monetary policy directions. Additionally, market participants await key economic releases later in the week, including New Zealand’s Unemployment Rate for Q4 and China’s Consumer Price Index (CPI) and Producer Price Index (PPI) for January. These data points will […]
07/06/2024

Crypto Market Quiet

Market picture The crypto market capitalisation remained almost unchanged overnight at $2.63 trillion, showing a sharp decline in volatility. Bitcoin settled near the $71K level (+0.2%), while Ethereum settled near $3800 (-0.9 %). Prices of top altcoins changed between -1.2 % (Avalanche) and +2.7% (Toncoin). The lull in the crypto market is probably due to […]
19/03/2024

BOJ Policy Rate – USDJPY Technical Analysis

BOJ Policy Rate The Bank of Japan is scheduled to announce its Policy Rate, Monetary Policy Statement, and BOJ Press Conference. Japan has held its interest rates at record-low levels for almost 17 years. The current interest rate is—0.10%, and according to Bloomberg analysts’ surveys, the BOJ is expected to maintain this level for the […]