New Canadian inflation data will set the stage for more hikes from the Bank of Canada. Next week’s report lands just after a surprisingly firm U.S. inflation reading for August (which likely cemented at least another outsized 75 bps increase in the Federal Reserve’s fed funds target range in September.) Here in Canada, headline annual […]
The post Forward Guidance: Canadian Core Inflation Will Stay Higher for Longer appeared first on Action Forex.
You filed your taxes, triple-checked the numbers, and hit submit. Now you are watching your bank account like a hawk, waiting for that refund to land. But this year, the wait might test your patience Read more…
We expect the Federal Reserve to keep its monetary policy unchanged at the March meeting, in line with consensus and market pricing. Powell will avoid giving firm forward guidance regarding the Fed’s reaction to the Read more…
EUR/USD halts sharp pullback, rebounding from July lows. But momentum signals and ‘death cross’ keep bearish bias intact. EUR/USD pares losses at a seven-and-a-half-month low near 1.1450 EUR/USD is attempting to recover some lost ground Read more…