Tag: Action Forex

Experts Analyze Top Eco Data for 12/27/24 In a recent data analysis report, Forex experts have identified key economic indicators that could impact global markets. The data, compiled for December 27, 2024, sheds light on...

Canada - BoC Cuts Rates, Signals UncertaintyIn a bold move this week, the Bank of Canada (BoC) lowered its policy rate by 50 basis points to 3.25%. This marks the second consecutive significant cut,...

The GBP/USD pair saw a decline from 1.3433 last week, dropping to 1.2842 before bouncing back. The outlook for this week is uncertain, with a neutral bias for potential consolidations initially. However, a further...

The USD/JPY pair saw a slight increase to 153.87 last week, but it wasn't able to hold above the 61.8% retracement level of 161.94 to 139.57 at 153.39, leading to a retreat. This week,...

The EUR/USD pair saw a rise from a short-term low of 1.0760 last week, reaching 1.0904 before retreating. This week, the initial bias has turned neutral. There may be more consolidation above 1.0760, and...

The dollar, which has been dominating the currency markets recently, took a step back last week. However, this slight retreat doesn't necessarily mean that the upward momentum of the greenback is over. It seems...

The Canadian job market is expected to show signs of continued weakness in the upcoming employment report for October. While there may be an increase of around 15,000 jobs, this growth is not expected...

The US manufacturing sector experienced a decline in October, with the ISM Manufacturing PMI dropping from 47.2 to 46.5. This was below the expected 47.6 and marked the lowest level since July 2023. It...

WTI crude oil prices have shown a positive recovery after a bearish gap, reaching a critical level near the downtrend line at around 71.00. This increase of over 6% in the past few days...

Sterling experienced a significant drop overnight following the announcement of Chancellor Rachel Reeves' new budget. The currency's decline was accompanied by a decrease in 10-year government bond prices and the FTSE. Critics of the...