Logo-color Logo-white

USDCAD broke resistance level 1.3950  Likely to rise to resistance level 1.4050 USDCAD currency pair rising strongly after the earlier breakout of the resistance level 1.3950 (former multi-month high from August). The breakout of the resistance level 1.3950 accelerated the active short-term impulse wav 3 of the higher order impulse wave (3) from the end […]

The post USDCAD Wave Analysis 14 appeared first on Action Forex.

previous

Sunset Market Commentary

next

USD/JPY Extends Gains: Is More Upside Ahead?

Read More

Cliff Notes: Burgeoning Confidence

Key insights from the week that was. In Australia, the latest Westpac-MI Consumer Sentiment Survey provided another encouraging update on the health of the consumer. An impressive 11.8% rebound over the past two months has left the headline index at 94.6, the strongest reading in over two-and-a-half years and well within striking distance of a […]
09/12/2023

Canadian Growth Still Softening While U.S. Outperformance Stretches On

Another busy week of data releases should show further signs that the economic growth backdrop in Canada has softened. Preliminary estimates from Statistics Canada a month ago pointed to a 2.7% drop in manufacturing sales in October. Part of that decline was due to a sharp drop in petroleum prices, overall manufacturing output prices were […]
01/08/2024

Bank of England Review – Easing Commences But No Game-Changer for GBP

At today’s monetary policy meeting, the Bank of England decided to cut the Bank Rate by 25bp to 5.00%. A tight vote split, the notion of it being a finely balanced decision to cut rates and a mention of upside risks to the inflation forecast, gave the cut a slight hawkish twist. Gilt yields tracked […]