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Cable is holding within a narrow range on Tuesday as traders await fresh signals from the key economic event for sterling this week- BoE monetary policy meeting on Thursday. Data released today (Apr UK construction PMI well above expectations and house prices inched higher) contributed to positive near-term bias, while the price stays above 200DMA […]

The post GBP/USD: Action Slows Ahead of BoE Policy Decision on Thursday appeared first on Action Forex.

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02/08/2024

Swiss Franc Jumps After Soft US Job Numbers

The Swiss franc has posted sharp gains in the North American session on Friday. USD/CHF is currently trading at 0.8754, up 0.86% on the day. The Swiss franc is on a roll and is trading at its highest level since the end of January. Swiss inflation declined 0.2%, in line with expectations Switzerland’s inflation rate […]
21/02/2024

Bank of Canada’s Policy Pirouette Not Yet Complete

Summary Canadian economic trends have been mixed, but softer on balance. GDP shrank in Q3 but appears to have rebounded in Q4. Still, given a softening labor market, modest growth in household income and rising interest rates, and a subdued outlook for business and investment spending, we expect Canadian GDP growth to slow moderately to […]
22/12/2023

Forward Guidance: December Jobs Data to Add to Evidence that Interest Rates Are High Enough

Forward Guidance will be on vacation next week, with the next edition to come January 5th, 2024. Happy Holidays! The holiday week ahead is empty of major economic data releases, but the new year will kick off with a fresh set of high profile Canadian and U.S. labour market data. We expect Canadian employment to […]