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A new year is upon us and for sure it shapes up to be another interesting year. A key question from the start is how much of his policies US President-elect Donald Trump will actually pursue on issues such as tariffs, immigration, fiscal policy and Ukraine peace talks? We are yet to find out how much […]

The post Weekly Focus – Bracing for Trump 2.0 appeared first on Action Forex.

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US December CPI Preview: Concerns About Sticky Inflation to Linger

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The Weekly Bottom Line: Little Sign of Slowing Down

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13/01/2024

Canadian Inflation Likely Ticked Up in December But Easing Trend to Continue

December inflation numbers and the Bank of Canada’s own business and consumer surveys will headline a slew of Canadian indicators ahead of the central bank’s next interest rate decision later this month. Canadian headline CPI growth is expected to tick slightly higher (+3.4% year-over-year) from November’s 3.1% increase, but with the gain largely coming from […]
05/08/2024

EUR/USD Analysis: The Rate Has Risen to a Nearly 5-Month High

As shown by today’s EUR/USD chart, the rate rose this morning to 1.096 – its highest level since mid-March. On one hand, this was driven by the weakness of the dollar. The USD fell sharply against other currencies following the release of labour market news on Friday (data from ForexFactory hereafter): → The unemployment rate […]
14/05/2024

Ethereum Knocking at Support’s Door

Market picture Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion, but growth exceeded 2% for most of the period. However, it dipped at the start of active European trading, temporarily returning to levels of a day ago. Bitcoin has added 0.9% over the past 24 hours, while Ethereum has increased […]