On Wednesday the BOC (Bank of Canada) Governor Tiff Macklem delivered a speech titled “What’s happening to inflation and why it matters”. It was a hawkish speech which explained the key drivers behind inflationary forced in Canada. But a key take-home is that they are no longer monitoring common CPI and instead will focus on […]
The post BOC Just Dropped One of Their Preferred CPI Measures appeared first on Action Forex.
Bitcoin is in a “transition phase,” consolidating below $70,000 after retreating from $71,000, however the recovery lacks the “ingredients of a decisive bullish turn”. Despite accelerating institutional inflows into US Spot Bitcoin ETFs, the average Read more…
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Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…