Author: admin

We expect the Bank of Canada will forego an interest rate cut on Wednesday in another close call following April’s pause after seven consecutive cuts. Arguments for a rate cut still remain. Labour markets have weakened, particularly in manufacturing where jobs dropped by 30,600 in April—the largest one-month decline since the pandemic—pushing unemployment to 6.9% […]

The post BoC to Leave Rates Unchanged Ahead of Key Trade and Labour Market Updates appeared first on Action Forex.

Throughout May, a turbulent news backdrop — involving both international trade tariffs and armed conflicts — led to the formation of a peak around $3,430 and a low near $3,130 on the XAU/USD chart. As of today, the price per ounce stands around $3,300 — roughly the same level as at the beginning of the […]

The post XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300 appeared first on Action Forex.