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In focus today Today, we expect the SNB to cut policy rates by 25bp to 1.00%, but stress that it is a close call between 25bp and 50bp as inflation has underperformed the SNB’s forecast, the real trade-weighted CHF has appreciated notably, and GDP has been higher than expected. Jordan has previously stated that the […]

The post SNB to Cut Rates by 25bp Today, But It’s a Close Call appeared first on Action Forex.

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06/03/2024

Canadian Dollar Flat Ahead of BOC Meeting

The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3580, down 0.08% On the economic calendar, the Bank of Canada holds its rate meeting. The US will release JOLTS Job Openings, which is expected to tick lower to 8.9 million in February, compared to 9.02 million a […]
19/08/2024

Markets Await Powell’s Jackson Hole Speech Later This Week

In focus today This week starts rather quietly on the data release front. The only event in our calendar is Fed’s Waller (voting member) speaking this afternoon. The Democratic National Convention kicks off today, and Kamala Harris is expected to be elected as the democratic presidential candidate later in the week. Early Tuesday, China will […]
06/06/2024

Dream Bigger Than the Price

The data from the US yesterday was mixed: a softer-than-expected ADP read and a stronger-than-expected ISM services data marked the session. According to the data, the US economy added 152K new private jobs in May – much lower than 175K penciled in by analysts and the weakest number since the start of the year, meanwhile […]