Logo-color Logo-white

The easing of Canadian inflation pressures has slowed in recent months. On Tuesday, we expect annual price growth for both the headline and excluding food & energy measures to hold steady at 2.7% and 2.9%, respectively, in July. Shelter inflation still accounts for a disproportionate share of the increase, but that has been slowing with […]

The post Steady Inflation Shouldn’t Prevent Another BoC Rate Cut appeared first on Action Forex.

previous

The Weekly Bottom Line

next

Markets Weekly Outlook – Gold Hits New ATH Ahead of Jackson Hole Symposium

Read More

20/03/2024

NZDUSD in the Red Again Ahead of Fed

NZD remains on the back foot against USD NZDUSD has finally broken below its one-year-long rectangle Momentum indicators acknowledge the current bearish move NZDUSD is recording another red candle today and it is trading below the lower boundary of the one-year-old rectangle and the busy 0.6060-0.6092 area. It has actually registered a new 2024 low […]
29/04/2024

Forex and Cryptocurrency Forecast

EUR/USD: Inflation Persists, US GDP Growth Slows The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European Union’s share decreased by 1.4%, Japan’s by 2.1%, while the United States increased by 2.3%. China’s […]
21/08/2024

Elliott Wave Analysis on EURUSD Impulsive Rally Favors the Bull Side

Short Term Elliott Wave View in EURUSD suggests that pair is close to form a bullish sequence. A break above the previous high on 12.28.2023 at 1.1139 suggests the next leg higher has started. Near term, rally from 6.26.2024 low is unfolding as a 5 waves impulsive structure. Up from 6.26.2024 low, wave 1 ended […]