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Canadian Highlights President Trump continues to threaten Canada with a 25% tariff on its U.S. exports as early as Saturday. A prolonged U.S.-Canada trade skirmish could dampen growth significantly and lift inflation. The Bank of Canada cut its policy rate by 25 basis points this week, bringing it to 3.0%. A trade battle would likely […]

The post The Weekly Bottom Line: Tariffying appeared first on Action Forex.

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U.S. Consumer Spending Growth Ended 2024 on a High Note, Outpacing Income Growth

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18/04/2024

Australian Dollar Shrugs Off Soft Job Numbers

The Australian dollar is steady on Thursday. In the European session, AUD/USD is trading at 0.6442, up 0.12%. Australia’s employment declines Australia’s job growth hit the breaks in March and fell by 6,600. This missed the market estimate of a gain of 7,700 and follows a blowout gain of 116,500 in February. Still, the drop […]
04/10/2024

AUDUSD Pauses Bullish Rally for a While

AUDUSD may find support at 0.6800 Stochastic and RSI suggest more declines AUDUSD has found strong resistance at the 20-month high of 0.6940 and is retreating towards the immediate 20-day simple moving average at 0.6800. The technical oscillators currently confirm the recent bearish correction. Following the pullback from the overbought area, the stochastic oscillator is moving […]
13/11/2024

Is Trump’s Election the End of Gold’s Bull Run?

Trump’s election invites gold bears into the game Bets of slower rate cuts by the Fed may be the main driver PBoC pauses purchases, but strategy likely not changed Speculation around geopolitics may also be weighing Trump wins but gold loses After hitting a record high of around $2,790 on October 30, gold entered a […]