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We expect gross domestic product data on Thursday will show the Canadian economy grew by 1.8% annualized in Q1. The catch is that most of the increase came early in the quarter from a 0.4% rise in January. GDP contracted 0.2% in February from January as the federal GST tax holiday ended, severe weather disrupted […]

The post Trade Woes Slow Canadian GDP appeared first on Action Forex.

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18/11/2024

This Week’s Trump Trades: Key Trades for the Week of Nov 18

Latest Political News President-elect Donald Trump has begun shaping his administration, starting with a White House meeting with outgoing President Joe Biden, symbolising the peaceful transfer of power. His cabinet picks have sparked debate, including Rep. Matt Gaetz as Attorney General, a move that drew mixed reactions from Republicans and Justice Department officials. Trump also […]
20/11/2024

Geopolitical Tensions Spike amid Russia-Ukraine Escalation

In focus today Today, in euro area we receive ECB’s indicator of negotiated wage growth in the third quarter. The indicator declined significantly in Q2 to 3.5% y/y from 4.8% y/y, and we expect a rebound in Q3 as the decline in the second quarter was due seasonality of the payments especially in Germany. Hence, […]
16/01/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9300 Likely to rise to resistance level 0.9400 EURCHF currency pair recently reversed up from the key support level 0.9300 (intersecting with the lower weekly Bollinger Band and the support trendline of the weekly down channel from the start of 2023). The upward reversal from the support level 0.9300 stopped […]