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BoC monetary report due on Wednesday 13:45 GMT, press conference at 14:30 GMT Interest rates to remain steady this time, but policymakers might support a June rate cut USDCAD maintains soft uptrend, needs a clear close above 1.3600 to rally BoC closer to its inflation goal than its major peers The Bank of Canada (BoC) […]

The post BoC to Put June Rate-Cut on the Map-Tentatively appeared first on Action Forex.

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31/01/2024

Risk is Fed Powell Doesn’t Want to Sound Too Hawkish

Markets The EU economy avoided a recession in 2023H2 (0.0% q/q growth in Q4) thanks to southern Europe while inflation readings from Spain (and Belgium) showed price pressures reaccelerating. The latter pushed euro area yields higher, with changes in Germany amounting to 2.6-3.8 bps across the curve. Consumer confidence in the US (Conference Board), meanwhile, […]
24/04/2024

Euro Edges Lower Despite Stronger German Business Confidence

The euro is slightly lower on Wednesday. In the European session, EUR/USD is trading at 1.0685, down 0.16%. German shows signs of optimism Germany’s Ifo Business Climate index rose to 89.4 in April, up from a revised 87.9 in March and above the market estimate of 88.9. The index is still in negative territory (100 […]
20/12/2023

Nikkei 225 Technical: Potential Major Bullish Breakout After Pull-Back

Yesterday’s swift rally has led to an overstretched upside momentum condition. At the risk of a minor corrective pull-back within its short-term uptrend phase. Watch the 33,150 key short-term support. The price actions of the Japan 225 Index (proxy of the Nikkei 225 futures) have managed to hold above the 32,090 key medium-term support as […]