The Bank of Canada raised the overnight rate 50 basis points to 1.5% and stated it would continue its Quantitative Tightening (QT) policy. On the state of the economy, the Bank noted that “Canadian economic activity is strong and the economy is clearly operating in excess demand. National accounts data for the first quarter of […]
The post BoC Hikes Policy Rate to 1.5% appeared first on Action Forex.
Daily Pivots: (S1) 0.6336; (P) 0.6373; (R1) 0.6393; More… Intraday bias in AUD/USD stays neutral for the moment. On the downside, firm break of 0.6327 support will suggest that the corrective rebound from 0.6087 has Read more…
Daily Pivots: (S1) 1.4183; (P) 1.4210; (R1) 1.4251; More… Intraday bias in USD/CAD remains neutral and more consolidations could be seen above 1.4150. Further decline is expected with 1.4378 resistance intact. Fall from 1.4791 is Read more…
Daily Pivots: (S1) 0.9370; (P) 0.9403; (R1) 0.9425; More…. Intraday bias in EUR/CHF stays neutral as range trading continues. On the downside, firm break of 0.9359 will revive the case that choppy rise from 0.9204 Read more…