Tag: Economics
US Trade Deficit Widens Slightly in September to $84.4 Billion
In September, the US trade deficit widened slightly to $84.4 billion, compared to the prior deficit of $70.4 billion. The increase in the deficit was primarily driven by a rush to import items ahead...
China’s Caixin PMI Composite Rises to 51.9, Policy Impact Shows – Action Forex
China's Caixin Services PMI saw a significant rise to 52.0 in October, surpassing expectations and showing the highest rate of growth in three months. This growth is part of a continued expansion trend that...
Sunset Market Analysis: Latest Updates and Trends on Action Forex
The US presidential election polls continue to dominate discussions in the market, causing some volatility in trading sessions. Last week, Trump's lead in prediction models was diminished by swing-state polls, resulting in both candidates...
Donald Harris: The Legacy of Kamala’s Father
In a recent viral video clip, Kamala Harris shared a story her mother told her, which involved a reference to falling out of a coconut tree. This anecdote led to a discussion on the...
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...
Loonie’s Turbulent Times: What to Expect and How to React – Action Forex
The Canadian dollar took a hit recently, dropping over 1.4% against the US dollar. This drop came after President Trump's threats to impose new tariffs on goods from Mexico and Canada. The USDCAD pair...
December Rate Cut Debate: Analysis by Fed’s Kashkari – Action Forex
Minneapolis Federal Reserve President Neel Kashkari recently shared his thoughts on the upcoming December meeting, hinting at the possibility of a rate cut. In an interview with Bloomberg TV, Kashkari mentioned that a 25-basis-point...
Sunset Market Analysis: Actionable Insights for Forex Traders
The recent appointment of Scott Bessent as the US Treasury Secretary has had a significant impact on the bond market. Bessent has proposed a plan to reduce the government deficit to 3% of GDP,...
