Logo-color Logo-white

When we last analysed the USD/CAD chart on 4 June, we identified a descending channel that remains relevant. On 5 June, the pair reached a new low for 2025, and it is possible that bears will attempt to extend this move further over the course of the month. Why is USD/CAD declining? The Canadian dollar […]

The post USD/CAD Holds Near 2025 Low appeared first on Action Forex.

previous

US CPI Takes Centre Stage Today

next

Ethereum Dynamics Point to an Altseason Approaching

Read More

22/05/2025

Sunset Market Commentary

Markets The flash EMU May PMI’s disappointed. After hovering just north of the 50 level that separates growth from contraction in the first four months of the year, it unexpectedly dropped from 50.4 to 49.5. As the HCOB chief economist indicated: US tariffs are not to blame. It is domestic oriented services dropping from 50.1 […]
13/02/2024

Sunset Market Commentary

Markets Core bonds marginally gained at the beginning of the new week. In super quiet trading (already starting in Asia as Japan and China kept their doors shut), US yields pared initial drops between 1.5 and 2.6 bps. German rates ease a little more, changes ranging between -0.6 and -2.4 bps. The European swap yield […]
07/05/2024

USDJPY Wave Analysis

USDJPY reversed from support zone Likely to rise to resistance level 155.65 USDJPY currency pair recently reversed up from the support zone lying between the strong support level 152.00 (former multi-month high from November) and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal from the support level 152.00 stopped the […]