In the Economic Outlook Interim Report, OECD raised its global GDP growth forecast for 2024 by 0.1% to 3.2%, while keeping the 2025 projection steady at 3.2%. In the US, growth forecasts remain unchanged at 2.6% for 2024 but have been downgraded by 0.2% to 1.6% for 2025. Eurozone’s GDP growth forecast is unchanged at […]
The post OECD sees 3.2% global growth in 2024 and 2025 appeared first on Action Forex.
USDCAD falls sharply, accelerating prevailing retreat Both the RSI and the MACD detect bearish momentum A break below 1.3425 could extend the fall towards 1.3350 For the outlook to brighten, a rebound above 1.3645 may Read more…
After two weeks of dollar weakness, the currency market is experiencing a pullback. The Dollar Index DXY is rising after briefly dipping below the 100 level. This level had already attracted buyers on the dips Read more…
Markets After last week’s Fed decision, investors were happy to use soft/disappointing data to push money market pricing for ever more aggressive font-loading on Fed and ECB interest rate cuts. Fed members and even more Read more…