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Bank of Canada meets; may opt for bigger 50-bps cut October flash PMIs to set the mood amid some growth concerns A relatively quiet week otherwise, with mostly second-tier releases BoC to likely cut by half a point Expectations that the Bank of Canada will cut rates by 50 basis points at its October meeting […]

The post Week Ahead – BoC to Speed Up Rate Cuts; Flash PMIs Eyed for Growth Clues appeared first on Action Forex.

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26/07/2024

USD/JPY Recovery Faces Challenges: What to Watch For

Key Highlights USD/JPY declined heavily before the bulls appeared near 152.00. A major bearish trend line is forming with resistance at 155.50 on the 4-hour chart. Crude oil prices remain at risk of more downsides toward $75.00. Ethereum saw bearish moves and might continue lower. USD/JPY Technical Analysis The US Dollar started a major decline […]
08/10/2024

Silver (XAGUSD) Buying the Dips at the Blue Box Area

In this technical article we’re going to take a quick look at the Elliott Wave charts of Silver (XAGUSD ) commodity , published in members area of the website. As our members know, Silver has recently given us correction against the September 6th low. The commodity reached our target zone and completed correction right at […]
21/05/2024

Gold Price Reaches Historic High

According to confirmed information, Iranian President Ebrahim Raisi, considered a potential successor to the country’s supreme leader, Ayatollah Ali Khamenei, died in a helicopter crash in a mountainous area near the border with Azerbaijan. The helicopter also carried Foreign Minister Hossein Amir-Abdollahian and other officials, all of whom perished. As news of the helicopter search […]