The Bank of Canada delivered a well-telegraphed, widely-expected hold today, keeping the overnight rate at 2.25%—the bottom of the neutral range and where we expect it will remain through the end of 2026. The decision was after upward GDP revisions in the Q3 GDP release dating back to 2022, and a string of positive labour […]
The post BoC Done With Rate Cuts, Expects 2% Inflation to Persist appeared first on ActionForex.
Cryptocurrencies have traded up and down over the past week following a rough correction across the board. *By the way, the Bank of Canada Press Conference is currently ongoing for those interesting, you can access it right here – No Cut for the BoC, 2.25% rate unchanged* While key long-term support levels arrested the steep […]
The post Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) Levels for FOMC appeared first on ActionForex.
Silver hit new record high ($61.59) on Wednesday, in extension of Tuesday’s strong acceleration higher which resulted in a daily gain of 4.5% and break through psychological $60 barrier. Silver continues to benefit from strong demand for safe haven, as well as an evident disbalance between industrial demand and supply. Silver’s sharp rise in past […]
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