US and Russian officials meet to discuss peace without Ukraine. UK and EU shut out of talks, but markets see hope for Europe. Is Trump cosying up to Putin, hanging NATO out to dry? Even with a deal, gold is likely to stay in demand. First talks to end Ukraine war Talks aimed at resolving […]
Oct 23, 2024
AUD/CAD Technical: BoC Jumbo Cut of 50 bps May Have Already Been Fully Priced In
The Canadian dollar has weakened against most major currencies (except against the JPY) in the past four weeks. Short-term FX positioning suggests that the expected BoC’s 50 bps cut may have been fully priced in. Watch out for a potential short-term mean reversion decline in the AUD/CAD cross pair. In a few hours’ time today, […]
The post AUD/CAD Technical: BoC Jumbo Cut of 50 bps May Have Already Been Fully Priced In appeared first on Action Forex.
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