US: Q2 GDP Flattered by Unwinding of Q1’s Tariff Front-Running
The U.S. economy expanded by 3.0% quarter-on-quarter (q/q, annualized) in the second quarter – slightly above the consensus forecast of…
Category: Fundamental Analysis
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8022; (P) 0.8050; (R1) 0.8090; More…. USD/CHF’s upside acceleration and break of 55 D EMA (now at…
(BOC) Bank of Canada holds policy rate at 2¾%
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3%…
Sunset Market Commentary – Action Forex
Markets We’ve been treated with a slew of GDP numbers today. Europe kicked off yesterday with Belgium (0.2% q/q) and…
(FED) Federal Reserve Issues FOMC Statement
Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in…
EUR/USD Extends Steep Fall into Third Day, Eyes Fed’s Decision for Fresh Signals
EUR/USD extends the sharp fall into third consecutive day, losing about 2.5% since Monday opening. Fresh strength of dollar on…