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Canadian Highlights The Bank of Canada lowered its policy rate by 50 bps to 3.25%. This is the second straight upsized cut to interest rates, and marks a cumulative 175 bps of easing since the Bank first lowered rates in June. There are more cuts to come in 2025, but the Bank’s forward-looking comments signaled […]

The post The Weekly Bottom Line: No More 50s in ‘25 appeared first on Action Forex.

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Canadian Inflation Likely Headed Lower, U.S. Fed to Cut by 25 bps

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25/03/2024

USDJPY- Bulls Hold Grip for Further Gains after Consolidation

Bulls are taking a breather and consolidating just under key barriers at 150.90/94 (2023/22 tops) after strong rally in past two weeks. USDJPY was inflated by a wide gap between US and Japan’s interest rates, with no positive impact from BoJ’s rate hike last week, as investors do not expect the central bank to be […]
24/10/2024

Eurozone PMI Temporarily Helps the Euro but Is Unlikely to Change the Trend

On Thursday, S&P Global released flash estimates for the October PMIs across major regions. The significance of this data increases over time, and in Europe, it often influences market trends. The European data was mixed, but the currency market focused on stronger-than-expected numbers from Germany. In France, the services sector is experiencing a deeper decline […]
04/12/2024

Australian Dollar Hits Four-Month Low Amid Weak GDP Data

The Australian dollar fell to a four-month low of 0.6450 against the US dollar on Wednesday, following disappointing GDP data that heightened expectations for potential interest rate cuts by the Reserve Bank of Australia (RBA). The latest GDP figures revealed that Australia’s economy expanded by only 0.3% quarter-over-quarter in Q3, falling short of the anticipated […]