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Canadian Highlights Trump made good on his 25% tariffs threat against Canada and Mexico this week. In the end it only lasted 72 hours, but the rollercoaster gave markets a fright. Canada’s goods trade balance with the U.S. widened substantially in January, highlighting American companies are stockpiling supplies ahead of tariffs. Canada’s labour market got […]

The post The Weekly Bottom Line: Trade Policy Rollercoaster Rattles Markets appeared first on Action Forex.

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17/07/2024

A Speech by Fed Waller is a Wildcard

Markets Consensus-beating June US retail sales only temporary interfered with reigning market momentum. Core retail sales rose by 0.8% M/M (& 0.9% M/M for retail sales control group) in what for now remains more of a catch-up move after weak consumer spending YTD. Sales were mainly boosted by goods spending with customers lured by price […]
16/10/2024

NZ CPI Review: The Inflation Dragon is Back in Its Cave

Consumer prices rose by 0.6% in the September quarter. That saw annual inflation fall to 2.2%, the first time it’s been in the RBNZ’s target band since 2021. Inflation has been pulled down by a sharp fall in imported prices. Domestic inflation has been easing, but more gradually. While there were some large quarter-toquarter swings […]
21/08/2024

GBP/USD Hits 1-Month High, UK PMIs Next

The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome Powell The annual meeting at Jackson Hole has […]