Tag: Economic data release
July Wholesale Inflation Rises by 0.1%, Below Expectations
The latest report on wholesale inflation for July showed a slight increase of 0.1%, lower than what economists had anticipated. This could potentially pave the way for the Federal Reserve to consider lowering interest...
July FOMC Blackout Period: Flashlight Tips for Traders – Action Forex
Congress has given the Federal Reserve a dual mandate to focus on "maximum employment" and "price stability." In recent years, the focus has been on the latter due to high inflation rates. However, there...
Eco Data Update: July 18, 2024 – Actionable Insights for Forex Trading
On July 18, 2024, several economic data updates were released that could provide valuable insights for forex trading. Let's take a closer look at the key events and their impact on the market.Starting with...
USD/CAD Unchanged Post Canadian GDP and US PCE Data Release
USD/CAD has seen little movement around the 1.3700 level following the release of key economic data for both Canada and the US. The Canadian GDP figures for April showed a 0.3% increase, indicating a...