Logo-color Logo-white

The Bank of Canada will be focused on the March Canadian consumer price index report next Tuesday after another upward surprise in U.S. price growth created doubt about the U.S. Federal Reserve’s rate-cutting plans this year. Slower price growth in Canada in recent months and a sharply underperforming Canadian economy have “increased confidence” among BoC […]

The post Canadian Inflation to Tick Higher as BoC Considers Rate Cuts appeared first on Action Forex.

previous

GBP/USD: Break of Pivotal Supports Sparks Fresh Acceleration Lower

next

Forex and Cryptocurrency Forecast

Read More

04/07/2024

Time to Say Goodbye

We are forcefully entering a period of ‘bad news is good news’ as the Federal Reserve (Fed) moves toward its first rate cut. We don’t know when the Fed will cut the rates – the Fed members themselves can’t tell you that without more evidence of slowing economy and easing inflation as printed by yesterday’s […]
22/03/2024

GBPCAD Wave Analysis

GBPCAD broke support level 1.7200 Likely to fall to support level 1.7070 GBPCAD currency pair continues to fall after recently breaking the support level 1.7200 (former monthly high from February, which has been reversing the pair from last month). The breakout of the support level 1.7200 accelerated the active short-term impulse wave c. Given very […]
05/06/2024

Bank of Canada Cuts Its Policy Rate to 4.75%!

The Bank of Canada cut the overnight rate to 4.75% (from 5.0%), while stating that it will continue with Quantitative Tightening (QT). The Bank spoke confidently about the economy, stating “economic growth resumed in the first quarter of 2024 after stalling in the second half of last year.” It highlighted that “consumption growth was solid […]