Logo-color Logo-white

The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction. The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at its meeting this week. Overall, the tone of the Canadian regulator’s remarks has changed. The Bank […]

The post USD/CAD Rally Pauses: Awaiting Next Correction appeared first on Action Forex.

previous

Dollar Index Remains Within Near-Term Range Ahead of Key US Inflation Data

next

US: Consumers Close Q2 on an Upbeat Note, But Momentum Unlikely to be Sustained

Read More

09/08/2024

EURGBP Wave Analysis

EURGBP reversed from resistance zone Likely to fall to support level 0.8540 EURGBP currency pair earlier reversed down from the resistance zone set between the pivotal resistance level 0.8620 (which has been reversing the price from January) and the upper daily Bollinger Band. The downward reversal from the resistance zone created the daily candlesticks reversal […]
27/03/2024

NZ First Impressions: Budget Policy Statement Review

The Government’s first Budget Policy Statement confirms that Budget 2024 will unveil a markedly weaker fiscal outlook and a further increase in the government’s borrowing requirement. Today the new coalition Government released its first Budget Policy Statement (BPS). As expected, the BPS set out the Government’s priorities, an update on the economic outlook and its […]
19/02/2024

Week Ahead Europe – Eurozone Inflation and PMI Surveys Eyed

Is a March rate cut from the ECB still possible? UK surveys eyed as the economy falls into recession Could eurozone inflation figures reignite the rate cut debate next month? March has widely been written off as the likely moment that some major central banks will start cutting interest rates but data next week may […]