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The USDCAD currency pair experienced a sudden rise in buying strength as Donald Trump won the US presidential election. This win has given a significant boost to the US Dollar. In contrast, the Canadian Dollar looks weak ahead of crucial domestic employment data. Since Trump’s policies could lead to higher inflation through changes in tariffs […]

The post CAD: Critical Zone Could Turn Bearish appeared first on Action Forex.

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07/12/2023

Silver Wave Analysis

Silver reversed from resistance level 25.80 Likely to fall to support level 23.50 Silver falling strongly after the price reversed down from the key resistance level 25.80, which reversed the price multiple times in April and May. The downward reversal from the resistance level 25.80 started the active minor corrective wave iv. Given the strength […]
19/12/2024

USD/JPY Putlook: Surges After Fed and BoJ Policy Decisions

USDJPY spiked to new multi-month high on Thursday, after Bank of Japan kept interest rates unchanged in today’s policy meeting, adding to positive signals for dollar from Fed’s hawkish rate cut on Wednesday. Although BoJ’s decision did not surprise (markets widely expected unchanged rates at 0.15%) the central bank pointed to cautious approach to the […]
11/04/2024

Bank of Canada Monetary Easing Door Slightly Ajar

Summary The Bank of Canada (BoC) held its policy interest rate steady at 5.00% at today’s monetary policy announcement, an outcome that was widely expected. However, the accompanying statement pointed to the potential for lower policy interest rates in the months ahead. BoC Governor Macklem said “we are seeing what we need to see” to […]