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USDCAD is setting up for significant market moves—stay alert! The USDCAD pair, often referred to by traders as the “Loonie,” reflects the exchange rate between the US and Canadian dollars. This pair is a vital indicator of the economic ties between the United States and Canada. The US Dollar is primarily influenced by US economic […]

The post News of the Week (September 2—September 6): USDCAD Trading Focus appeared first on Action Forex.

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18/09/2024

Sunset Market Commentary

Markets Focus this morning briefly turned from this evening’s Fed meeting to tomorrow’s BoE policy decision following August UK CPI data. The report was almost exactly in line with expectations. Headline inflation rose 0.3% M/M and 2.2% (from -0.2% M/M and 2.2% in July). Core inflation reaccelerated to 0.5% M/M and 3.6% Y/Y (from 0.1% […]
31/01/2024

USDJPY Sustains Its 2024 Bullish Setup

USDJPY consolidates its 2024 upleg between key boundaries Momentum indicators point lower, but trend signals remain positive FOMC policy announcement due at 19:00 GMT USDJPY has been facing difficulties in surpassing the 148.30 region for almost two weeks, but the 147.45 region, which coincides with the 61.8% Fibonacci retracement of the November-December downleg, kept bearish […]
27/03/2024

Crypto Market: A Breather After the Climb

Market picture The capitalisation has stabilised around the $2.63 trillion level, losing 1.7% in 24 hours, but very close to where it was at the end of the day on Monday. Bitcoin is down 1.2%, Ethereum lost 2.3%, BNB sank 3%, and Solana is minus 4%. On the surface, the trend is for a deeper […]