Logo-color Logo-white

The Bank of Canada kept its benchmark interest rate steady at 2.75% in its June 2025 decision, meeting the expectations of half the market. This marks the second time rates have been held steady after cutting them by 2.25 percentage points over seven straight decisions. The governing council pointed out that the back-and-forth changes in […]

The post Bank of Canada Leaves Interest Rate at 2.75%, USD/CAD Steady appeared first on Action Forex.

previous

Platinum Wave Analysis

next

Gold Poised for Further Gains as US Economic Outlook Deteriorates

Read More

03/12/2024

EURGBP Wave Analysis

EURGBP reversed from support zone Likely to rise to resistance level 0.8325 EURGBP currency pair today reversed up from the support zone located between the strong support level 0.8265 (which has been revering the pair from the start of November) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the […]
20/02/2024

RBA Minutes: Plus ça change

A longer meeting, but an expected outcome – the case to hold outweighed the case to hike. This month’s minutes were the first under the new arrangements with longer meetings. While the list of attendees was longer – including the Chief Communications Officer – the minutes themselves were only marginally longer than the previous month’s […]
16/01/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9300 Likely to rise to resistance level 0.9400 EURCHF currency pair recently reversed up from the key support level 0.9300 (intersecting with the lower weekly Bollinger Band and the support trendline of the weekly down channel from the start of 2023). The upward reversal from the support level 0.9300 stopped […]