The Euro slows speed of recovery ahead of today’s release of German inflation report for March, which is expected to generate fresh signals. Wednesday’s Doji candle signaled indecision after recovery in past two days retraced over 61.8% of last week’s pullback. Near-term structure remains bullish overall, but loss of positive momentum temporarily halted recovery rally, […]
The post EUR/USD Outlook: Euro Remains at the Front Foot ahead of German CPI Report appeared first on Action Forex.
US durable goods orders dropped -1.1% mom in November to USD 285.1B, significantly missing market expectations of a -0.3% mom decline. This also marks the third decline in the last four months. Excluding transportation, orders Read more…
Canada’s GDP rose 0.3% mom in October, surpassing expectations of 0.2% mom, with 12 out of 20 sectors contributing to the growth. This marked a rebound for the goods-producing industries, which expanded by 0.9% mom Read more…
The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday’s European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing. Canada’s GDP expected to remain at 0.1% Read more…