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Canadian Dollar Stable as Investors Await GDP Data – Action Forex
The Canadian dollar has remained stable in the past few trading days, but there could be some movement today with the release of Canada's GDP report. Currently, USD/CAD is trading at 1.4005, showing a...
USD/JPY Forecast: Breaks Key Support as BoJ Rate Hike Expectations Rise
The USDJPY pair experienced a significant drop to a six-week low on Friday, driven by increased expectations of a Bank of Japan rate hike following a higher than expected inflation rise in Tokyo for...
USD/JPY Technical Analysis: Medium-Term Corrective Decline Ahead
Yen strength has continued to persist, supported by an increase in Tokyo's core-core inflation rate to 1.9% y/y in November. This has led to speculation that the Bank of Japan (BoJ) may hike its...
Political Risks in France: Weekly Update and Analysis – Action Forex
This week was full of geopolitical events and political risks, especially in France. President-elect Donald Trump announced tariffs on imported goods from Canada, Mexico, and China, which could lead to retaliatory actions and trade...
Traders’ Focus: NFP Report after Thanksgiving – Weekly Market Update
Traders are eagerly awaiting the release of the Nonfarm payrolls (NFP) report after the Thanksgiving holidays, as it could have a significant impact on the markets. The data will provide insight into whether or...
Canada’s Q3 GDP Growth Slows to 0.3%, Per Capita Output Declines for Sixth Consecutive...
Canada's economy saw a slowdown in growth during the third quarter of the year, with a 0.3% increase compared to the previous quarter. This is a decline from the 0.5% growth seen in both...
Yen Strengthens as Japan’s Core Inflation Surges
The Japanese yen strengthened significantly on Friday following a robust inflation report. During the European trading session, the USD/JPY pair was trading at 150.19, marking a 0.87% decrease for the day. The yen's value...
GBPUSD Wave Analysis: Forecast, Trends, and Strategies – Action Forex
GBPUSD saw a turnaround from the support level of 1.2500 and is likely to move up towards the resistance level of 1.2720. The currency pair has been on an upward trend after bouncing back...
Sunset Market Analysis: Latest Updates and Trends in Forex Trading
The focus in the markets shifted to Europe as US markets were closed for Thanksgiving. Inflation data from Belgium, Spain, and Germany was released before the upcoming EMU figure. Spanish CPI remained flat month...
EUR/USD Forecast: Mid-Day Analysis and Insights for Action Forex Traders
EUR/USD is currently trading within the range of 1.0330 to 1.0609. The short-term bias is neutral with a preference for further decline. A break below 1.0330 would signal a continuation of the downtrend from...