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Canadian Highlights A call for a jumbo cut to head off mortgage reset rates must be assessed carefully. Surprisingly, roughly a quarter of mortgages will reset at a LOWER interest rate next year. For those renewing into higher rates, the shock might be milder than expected, given a 30% increase in home prices and wages. […]

The post The Weekly Bottom Line: Canada’s interest rate conundrum; Too much of a good thing appeared first on Action Forex.

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06/09/2024

USD/JPY Extends Losses, US NFP Report Next

Key Highlights USD/JPY extended losses and traded below the 145.00 level. It traded below a key bullish trend line with support at 144.80 on the 4-hour chart. EUR/USD is attempting a fresh increase above the 1.1100 resistance. Oil prices are consolidating losses near the $69.50 level. USD/JPY Technical Analysis The US Dollar failed to climb […]
03/09/2024

XAUUSD: Weekly Outlook

Gold has been on a winning streak, rising for seven straight months and gaining 21% so far this year. The key question now is whether this momentum will continue in September or if the metal will take a break. The future of gold prices will largely depend on upcoming U.S. economic data and interest rate […]
30/05/2024

AUD/USD Signals Fresh Decline, Are Bears Back?

Key Highlights AUD/USD started a fresh decline from the 0.6680 resistance. It traded below a key contracting triangle with support at 0.6660 on the 4-hour chart. NZD/USD started a downside correction after a strong increase to 0.6160. The US GDP could grow 1.3% in Q1 2024 (Preliminary), down from 1.6%. AUD/USD Technical Analysis The Aussie […]