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The Canadian dollar has steadied on Friday after a roller-coaster week. In the European session, USD/CAD is trading at 1.3889 at the time of writing, up 0.22% on the day. Canada’s job growth expected to slow With the tough battle against inflation largely won, the Bank of Canada has been a leader in the easing […]

The post USD/CAD Eyes Canadian Jobs Report appeared first on Action Forex.

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USDCAD Retains Bullish Bias Above 20-day SMA

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Japan’s Consumer Spending Slips, Yen Extends Gains

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22/12/2023

Yen Steady as Japanese Inflation Dips

Japanese core inflation falls to 2.5%, as expected US to release PCE Price Index on Friday The Japanese yen is showing little movement on Friday. In the European session, USD/JPY is trading at 142.03, down 0.06%. Japanese core inflation eases to 2.5% Japan’s Core CPI, which excludes fresh fuel but includes fuel costs, dropped to […]
10/10/2024

USD/JPY Steady After Fed Minutes

The yen is calm on Thursday after sharp losses a day earlier. In the European session, USD/JPY is trading at 148.88, down 0.28%. Fed minutes: next cut will likely be 25 bps The Federal Reserve released the minutes from the September meeting on Wednesday. That meeting was dramatic as the markets were uncertain right up […]
08/10/2024

RBA Minutes: Not Enough to Change, but a Shift in Financial Emphasis

Although momentum in domestic demand has turned out a bit weaker than the RBA expected, in September the RBA contemplated scenarios warranting both tighter and looser financial conditions. The RBA minutes for the September 2024 Board meeting were less hawkish about supply potential than the August minutes. However, we detect an increasing emphasis on assessments […]