Logo-color Logo-white

The Canadian Dollar faces a confluence of challenges, from the unexpected BoC stance on interest rates to mixed economic data and the traditionally impactful fluctuations in oil prices. As investors grapple with uncertainty regarding future monetary policy directions and the resilience of various economic sectors, the ‘Loonie’ is navigating a complex landscape. Understanding the interplay […]

The post CAD’s Troubles Could Be Soon Forgotten appeared first on Action Forex.

previous

Technical Outlook and Review

next

The Weekly Bottom Line: Feds, BoC Steal This Show This Week

Read More

10/06/2024

Strong US Jobs, European Elections Hammer EUR/USD

The sight of the 272K new nonfarm job additions and the fastening wages growth above 4% on a yearly basis smashed the dovish Federal Reserve (Fed) expectations on Friday, and sent the US 2-year yield from around 4.70% to 4.90% in a single move, the 10-year yield spiked to 4.45% and the US dollar index […]
02/01/2024

Could Euro Area CPIs Unsettle ECB Rate Cut Expectations?

New year starts with the December inflation report testing ECB’s hawkishness Market looks for a sizeable pickup in CPI, creating doubt about the rate cuts priced in German CPI figure released on Thursday; the euro area aggregate on Friday 10:00 GMT The new year starts on a rather high note With market participants recovering from […]
06/04/2024

Weekly Economic & Financial Commentary: Strong Jobs Numbers Diminish Urgency for Rate Cuts

Summary United States: Strong Jobs Numbers Diminish Urgency for Rate Cuts Nonfarm payrolls expanded 303K in March, surpassing all estimates submitted to Bloomberg. The continued strength in hiring suggests less urgency for policymakers at the Federal Reserve to lower the target range of the fed funds rate. Recent comments from FOMC members have homed in […]