The Bank of Canada raised rates for the first time since October 2018 by 25bps to 0.50%. This is in-line with most economists’ expectations; however, many market participants were hoping for a 50bps increase. The BOC noted that it would continue the reinvestment phase of its balance sheet by keeping bond holdings constant. In addition, […]
The post Bank of Canada Hikes 25bps. More to Come! appeared first on Action Forex.
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Market Picture The cryptocurrency market is under pressure, losing about 4.6% in 24 hours to $3.2 trillion by the start of active trading in Europe. These are five-day lows, with the crypto market driven by Read more…
EUR/USD remains in a narrow-range sideways mode in early Tuesday’s trading, in extension of Monday’s action, shaped in Doji candle and signaling indecision Initial positive signal is developing on daily chart following last Friday’s strong Read more…