Logo-color Logo-white

The Bank of Canada is expected to accelerate the pace of interest rate cuts with a 50-basis point reduction to the overnight rate to 3.75% from 4.25% on Wednesday. An underperforming Canadian economy had already pushed the BoC to lower interest rates earlier than most advanced economy central banks. Three consecutive 25 bps cuts that […]

The post BoC to Do Its Own Jumbo 50 Basis Point Interest Rate Cut appeared first on Action Forex.

previous

USDJPY Adjusts Amid Mixed Signals from Japan’s Economic Data

next

The Weekly Bottom Line: Canadian Inflation Drops Below Target

Read More

10/01/2024

EUR/USD Price Action – Technical Analysis

EURUSD continues its attempt to reverse back above the 1.1000 level but has been unsuccessful so far, the current trading range is critical, and any real breakout may help in forecasting future price action, we will go over a long-term as well as a short-term timeframe reflecting the current price action. Talking Points Weekly Chart […]
04/09/2024

Data Releases in Line or Below Market Expectations Likely to Trigger the Largest Moves

Markets US equities went into a tailspin yesterday. The tech-heavy Nasdaq underperformed, racking up losses of 3.26%. Europe’s EuroStoxx50 (-1.22%) painted the perfect bearish engulfer. Volatility spiked with the Vix index jumping to the highest level since the early August market tremors. Stock markets staged an impressive comeback since that meltdown with some indices on […]
27/08/2024

Sunset Market Commentary

Markets Friday’s Jackson Hole speech by Fed chair Powell seems to have given the nod for a final holiday week stretching until the September 2nd Labour Day Holiday. US yields rebound 1.9 bps (2-yr) to 4.2 bps (30-yr), strengthening our bottoming out case after they failed to set a new bottom in the wake of […]