Logo-color Logo-white

Canada joined the global political gloom. The sudden resignation of the finance minister on Monday started raising questions about Trudeau’s leadership as politicians there try to find ways to deal with economic slowdown topped by Trump’s tariff threats. Happily for the Bank of Canada (BoC), inflation dropped below the 2% target for the second time […]

The post Who Pays the Bill? appeared first on Action Forex.

previous

EURGBP Wave Analysis

next

Elliott Wave View: Bitcoin (BTCUSD) Has Reached Inflection Area

Read More

26/01/2024

Another Strong Batch of US Data, ECB Giving Little Away

US economic data continues to point to an economy that’s doing very well despite the various headwinds including very high interest rates. GDP data for the fourth quarter easily exceeded expectations, rising 3.3% on an annualized basis, adding to the increasing view that the US could be heading for a fairytale scenario, not just a […]
16/12/2024

Yearly Technical Outlook 2025 – AUDUSD, NZDUSD, USDCAD

Australia’s economic rollercoaster; Aussie in new negative paths New Zealand’s challenging year; Kiwi may dive further Canada’s economic rebound; Loonie unlocks new lows AUDUSD: Bearish sentiment starts in 2024 Australia’s economy demonstrated a mixed performance this year. The RBA maintained the cash rate at 4.35% to combat persistent underlying inflation, which remained around 3.5%. Economic growth was […]
30/10/2024

GBP/USD Eyes Recovery: Can Bulls Turn The Tide?

Key Highlights GBP/USD started a consolidation phase near the 1.2950 zone. A key bearish trend line is forming with resistance at 1.2990 on the 4-hour chart. Bitcoin climbed further above the $71,500 resistance. Gold traded to a new all-time high above $2,765. GBP/USD Technical Analysis The British Pound remained in a bearish zone below 1.3120 […]