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USD/CAD slumps further as BoC leaves interest rates steady at 2.75% Read More »
USD/CAD has traded lower after the Bank of Canada opted to hold rates at 2.75%.
Macklem will be asked about what’s next as the market prices in a 50/50 outcome of the June meeting.
This article was written by Adam Button at www.forexlive.com.
Watch live: Bank of Canada holds press conference affter rate decision Read More »
The Bank of Canada (BoC) held its policy rate at 2.75%, following seven straight announcements where the bank cut rates. The bank’s outlook recognized that the “economy is slowing as tariff announcements and uncertainty pull down consumer and business confidence. Consumption, residential investment and business spending all look to have weakened in the first quarter. […]
The post Bank of Canada Holds Rates Even as Tariffs Threaten the Economy appeared first on Action Forex.
Bank of Canada Holds Rates Even as Tariffs Threaten the Economy Read More »
South Africa’s DA Lays Corruption Charges Against Minister Read More »
Ken Griffin Sells Two Chicago Condos for Combined $15.9 Million Read More »
Keystone Restarts Oil Pipeline After Leak Prompted Shutdown Read More »
Market Picture The crypto market capitalisation fell by 2.6% in the last 24 hours, dropping to $2.63 trillion. The selling pressure intensified amid announcements that the US may raise duties on Chinese goods to 245%. This news hit fertile ground as the market had already reached the levels of the last consolidation, and after the […]
The post Tariff News and Resistance Zone Put Pressure on Crypto appeared first on Action Forex.
Tariff News and Resistance Zone Put Pressure on Crypto Read More »
South Africa’s Godongwana Sees No Alternative to VAT Increase Read More »
Markets The calm is already over. It took two days for the trade conflict to return to the front pages and dominate trading again. It started with China banning Boeing jets, followed by EU officials returning from US trade talks without progress and ended with the US imposing additional export restrictions against chipmaker Nvidia & […]
The post Sunset Market Commentary appeared first on Action Forex.
Sunset Market Commentary Read More »
United States NAHB Housing Market Index came in at 40, above forecasts (37) in April Read More »
