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Summary United States: Liberation Day The echoes of reciprocal tariffs are reverberating through markets, raising expectations for Fed cuts and driving down yields. Tariff anticipation also drove an expansive U.S. trade deficit in February and increased price pressures in the manufacturing and services sector. Although risks to the outlook are elevated, the labor market remains […]

The post Weekly Economic & Financial Commentary: A User’s Guide to Reciprocal Tariffs appeared first on Action Forex.

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07/05/2024

Gold Attempts Recovery to Only Face Limitations Again

Gold stays trapped below 2,325 after Monday’s bounce Technical signals reflect persisting caution Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the precious metal successfully above the constraining zone of 2,325. This is where the 23.6% Fibonacci […]
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Canada: Business and Consumer Sentiment Remained Downbeat in Q4 2023

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