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The Canadian dollar has weakened against most major currencies (except against the JPY) in the past four weeks. Short-term FX positioning suggests that the expected BoC’s 50 bps cut may have been fully priced in. Watch out for a potential short-term mean reversion decline in the AUD/CAD cross pair. In a few hours’ time today, […]

The post AUD/CAD Technical: BoC Jumbo Cut of 50 bps May Have Already Been Fully Priced In appeared first on Action Forex.

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08/08/2024

Gold Outlook: Bounces as Bulls Regain Traction After Recent Fall

Gold regained traction and bounced on Thursday, following a sharp fall in past few days. Fresh strength signals that the situation is stabilizing after a turbulent period and broader bulls are about to re-take control. The yellow metal benefited from growing signals that the Fed will start cutting interest rates as from September, with US […]
19/12/2023

USD/JPY: Strong Acceleration After Dovish BoJ Deflated Yen

USDJPY was sharply up during the late Asian/European session on Tuesday (up 1.3% so far) in strong acceleration after dovish Bank of Japan deflated yen. The central bank kept its ultra-loose monetary policy unchanged and maintained forward guidance, disappointing those who expected signals about the start of tightening cycle. The pair is in near-term recovery […]
04/11/2024

XAU/USD Analysis: Gold Price Chart Displays Bearish Signals

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