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Asia Market Wrap – Asian Shares Cautious Asian stock markets showed mixed results on Tuesday, ultimately struggling to gain ground as optimism about potential US-China trade talks was offset by doubts about whether the two nations could reach a lasting agreement. Initially, broader Asian indexes saw some gains, but those quickly faded to trade flat. […]

The post UK Wage Growth Hits 3-Year Lows, Gold Retreats from Highs, FTSE 100 Eyes Gains. US Earnings Season Ahead appeared first on Action Forex.

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20/03/2024

Dollar Index: Bulls Hold Grip on Expectations that Fed Will Keep Hawkish Stance

The dollar index continues to trend higher and hit two-week high on Wednesday, benefiting from the hawkish outlook from the Fed, as the central bank will deliver its monetary policy decision later today. The central bank is not expected to make any changes to the policy, with high interest rates to be kept for extended […]
31/07/2024

Canada’s Economy Advanced in May, Modest Growth Expected in June

The Canadian economy grew for a second consecutive month, up by 0.2% month-on-month (m/m). This print landed ahead of Statistics Canada’s advanced guidance and market expectations of a 0.1% m/m gain. The flash estimate for June points to a 0.1% m/m gain. May’s reading was broad-based, with output expanding in 15 of 20 industries. Goods-producing […]
19/03/2024

Aussie Slides After RBA’s Pause

The Australian dollar is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6507, down 0.80%. The Aussie is on a nasty slide and has declined by 1.7% since March 13. RBA removes tightening bias The Reserve Bank of Australia maintained the cash rate at 4.35% for a fourth straight time at […]