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Canadian Highlights Headline inflation came in stronger than expected, but core measures remained stable, supporting the case for another interest rate cut next week. Long-term inflation expectations edged higher, but firms’ pricing power remained limited. Retail sales rose in August but declined in September, losing momentum on a three-month basis. Attention increasingly shifts to Carney’s […]

The post The Weekly Bottom Line: Persistent Inflation, Shutdown Pose Challenges for Federal Reserve appeared first on Action Forex.

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18/06/2024

WTI Oil Futures Surge Back to 80

WTI oil futures swiftly recoup June’s lost ground to trade again above 80 Technical signals return to positive area, but there is another barrier nearby Hopes of increased demand in the next quarter caused WTI oil futures to surge back to 80.60, erasing earlier losses that led the price to a four-month low of 72.46 […]
29/04/2024

Japanese Yen Shows Volatility Amid Speculation of Intervention

The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no official confirmation. Today’s market movement is particularly notable due to a public holiday in Japan, which has resulted […]
19/03/2025

GBPUSD Wave Analysis

GBPUSD: ⬆️ Buy GBPUSD reversed from support zone Likely to rise to resistance level 1.3050 GBPUSD currency pair recently reversed from the support zone between the support level 1.2900 and the upper trendline of the daily up channel from January. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish […]