Bank of Canada to hold rates steady
Bank of Canada to hold rates steady Bank of Canada (BoC) is widely anticipated to maintain its pause this week, leaving interest rates unchanged at a 15-year high of 4.50%. Governor Macklem has emphasized that there’s no need for additional rate hikes if the economy unfolds according to central bank’s projections, which forecast stalling growth […]
The 5 Major Currency Pairs in Forex Market
The Importance of Major Pairs The foreign exchange market is a place where trading in all currencies takes place. However, the volume of trade that takes place in different currencies varies greatly. Although there are hundreds of currencies in the world, about two-thirds of the massive $4 trillion foreign exchange trading volume is transacted in […]
Bank Of Canada Hike Rate by 75 BPS
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Bank Of Canada Hike Rate by 75 BPS The Bank of Canada interest rate decision meeting will be held on Wednesday, October 26th. BOC Governor Macklem will follow with a press conference beginning at 11:00 ET. BOC hiked rates by 75bps at their last meeting in September. This was the fifth consecutive rate […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY JPY: Household Spending y/y, it measures change in the inflation-adjusted value of all expenditures by consumers. JPY: Current Account, it measures difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month. JPY: Economy Watchers Sentiment, it measures level […]
Decline from June High Mirrors Price Action from May
GBP: BRC Shop Price Index y/y, it measures change in the price of goods purchased at BRC-member retail stores. JPY: Retail Sales y/y, it measures change in the total value of sales at the retail level. AUD: Retail Sales m/m, it measures change in the total value of sales at the retail level. JPY: Consumer […]