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Summary Today’s release of Canada’s September CPI offers a decisive data point, in our view, that should see the Bank of Canada (BoC) step up the pace of monetary easing next week. In addition to headline inflation surprising to the downside, broader underlying inflation pressures also remained contained. With activity data subdued overall, and with […]

The post An Easier Path For Bank of Canada Monetary Policy appeared first on Action Forex.

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10/12/2024

WTI Crude Oil Faces Resistance: Can Recovery Take Hold?

Key Highlights WTI Crude Oil prices are struggling to recover above the $70.00 resistance zone. A connecting bearish trend line is forming with resistance at $69.75 on the 4-hour chart. Gold prices could advance if there is a clear move above $2,700. EUR/USD must surpass 1.0700 to gain bullish momentum. WTI Crude Oil Price Technical […]
21/06/2024

Happy Triple Witching Day

The Swiss National Bank (SNB) cut its rate by another 25bp yesterday. The latest uptick in inflation didn’t bother the Swiss policymakers who considered that inflation remains in check in Switzerland. They preferred to give the economy – especially the Swiss exporter and families with mortgages – the additional support they needed. The market reaction […]
21/12/2023

NZDUSD Climbs to Fresh 5-month High, Eyes 0.6300 Level

NZDUSD headed for eighth straight day of gains Bullish momentum continues to strengthen But is it at risk of a negative correction? NZDUSD reached a fresh five-month high of 0.6293 on Wednesday, as its bullish streak shows no sign of easing. The momentum indicators are looking dangerously overbought but a reversal may not be imminent […]