Tag: Business

news-01122024-122424

US Dollar’s Fate Hinges on NFP: Markets Weekly Outlook

US equities had a strong finish last week, especially in the tech and retail sectors, leading to record highs for the S&P 500. However, the US dollar weakened as expectations of a December rate...
news-01122024-062200

Eurozone Inflation Rise Impact on Euro – Action Forex

The euro remained relatively stable on Friday, with EUR/USD trading at 1.0564, showing a slight increase of 0.09% during the European session. With no significant US events scheduled for the day and US markets...
news-01122024-002059

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...
news-30112024-121901

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...
news-30112024-001407

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...
news-29112024-181322

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...
news-29112024-061005

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...
news-29112024-000913

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...
news-28112024-180053

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...
news-28112024-055835

Boost Your Forex Strategy with New Zealand Business Confidence Insights

Businesses in New Zealand are feeling optimistic about the upcoming year, with the latest survey showing that business confidence remains high. The November 2024 results indicate a business confidence level of 64.9, slightly lower...

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