Logo-color Logo-white

The new week will be packed with monetary policy news. Most observers expect the Bank of Canada to cut its key rate by 25 points to 3.0% on Wednesday, 29 January. The previous two cuts have been 50 pips each, but traders can’t completely rule out hints of a pause or even keeping the rate […]

The post What Next: Fed, ECB and BoC Will Decide on Rates appeared first on Action Forex.

previous

AUD/USD and NZD/USD Bounce Back: Are Further Gains Ahead?

next

Slow Start to a Busy Week

Read More

19/12/2023

Will UK CPI Please the Market Ahead of Festive Break?

Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market expectations and the Fed setting the scene for a dovish round of central bank gatherings, […]
18/02/2025

US500: Way to a New Record

US500, Daily In the Daily timeframe, the US500 hit an all-time high, testing the trendline. Tenkan rose above Kijun on Ichimoku Kinko Hyo, and the RSI divergence broke upward, indicating bullish dominance. We can consider buying US500 on consolidation above the trendline and 6140 with a target of 6310; The post US500: Way to a […]
28/10/2024

Key Events for the Week Ahead

Seasonal patterns in the VIX, often referred to as the market’s fear gauge, indicate that volatility during this election year is likely to peak in the coming weeks, so be prepared for moves against established trends. Looking ahead, consumer inflation data from Australia and Germany will be released on Wednesday. Initial estimates of third-quarter GDP […]