BoC dials back tightening pace with below-consensus 50 bp hike to 3.75% Statements says rates expected to rise further but getting closer to end of tightening phase BoC sees economy stalling in coming quarters The BoC dialed back the pace of its tightening cycle today with a 50 bp increase that fell short of market […]
The post BoC’s Half Point Hike Suggests Peak is Near appeared first on Action Forex.
Daily Pivots: (S1) 157.35; (P) 157.63; (R1) 158.18; More… USD/JPY fell sharply after reject below 55 4H EMA (now at 158.06). The decline from 160.71 high is resuming and intraday bias is back on the Read more…
The market narrative has flipped again—and this time the reversal is dramatic. Just days after investors were positioning for a dangerous escalation in the Strait of Hormuz, traders are suddenly rushing back into risk assets Read more…
Key takeaways Risk-on rally driven by easing geopolitics: Cooling US–Iran tensions and lower oil prices have reduced risk premiums, lifting global equities to record highs—led by the S&P 500 and Nasdaq 100. AI-led earnings momentum Read more…