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Canadian Highlights Canada managed to steer clear of new tariff announcements this week but will still be subject to the fentanyl/immigration tariffs put in place last month. The Bank of Canada outlook surveys revealed that an increasing share of businesses and consumers expect a recession in the coming year. The Bank of Canada will be […]

The post The Weekly Bottom Line: Tariff Rollercoaster Continues, Trade Fight with China Escalate appeared first on Action Forex.

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Markets Weekly Outlook – Tariff Rollercoaster Continues, ECB Rate Decision and Inflation Data in Focus

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USDCAD Wave Analysis

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10/02/2025

AUD/USD & NZD/USD Rebound: Signs of Trend Shift?

AUD/USD started a decent increase above the 0.6200 and 0.6240 levels. NZD/USD is also rising and might aim for more gains above 0.5700. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar rebounded after forming a base above the 0.6100 level against the US Dollar. There was a break below a […]
14/01/2025

US: Small Business Optimism Index Rose to Six-Year High in December as Uncertainty Subsided

The NFIB’s Small Business Optimism Index rose 3.4 points to 105.1 in December, beating market expectations for a mild decline. The uncertainty subindex continued to retreat, falling another 12 points in December to 86. Seven out of ten main subcomponents improved on the month, two fell and one remained unchanged. The largest increase was in […]
29/05/2024

Accelerating German Inflation Supports Euro on the Downturn

German inflation confirmed an acceleration. Harmonised CPI rose to 2.8% vs 2.4% a month earlier and 2.3% in March. This is positive news for the Euro, which is lagging behind the Pound and relatively weak against the Dollar, based on expectations of a looser ECB monetary policy against rivals. A fresh batch of data from […]