Canada’s June inflation report will be front and center next week after U.S. inflation reached its highest level in four decades (at 9.1%). We anticipate Canada’s inflation rate will edge up to 8.0% from a year ago. That would be the highest since 1982. This continued acceleration was likely largely driven by higher food and […]
The post Forward Guidance: Canadian Inflation Continued to Heat Up in June appeared first on Action Forex.
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Key Highlights Gold started a fresh decline from $5,240 and traded below $5,120. A major bearish trend line is forming with resistance at $5,075 on the 4-hour chart. WTI Crude Oil surged toward $102 before Read more…
Japan’s trade data for February revealed a mixed but resilient picture, with exports rising 4.2% yoy to JPY 9,572B, comfortably above expectations. Imports also strengthened, up 10.2% yoy to JPY 9,514B, resulting in a trade Read more…