Canadian Inflation Jumps Higher in October – Action Forex
Headline CPI inflation increased in October to 2.0% year-on-year (y/y), above expectations for a 1.9% y/y print and up from the 1.6% y/y reading from September. The acceleration was due …
Yen and Swiss Franc Climb as Ukraine War Intensifies on 1000th Day – Action Forex
The European session saw a significant shift toward risk aversion as geopolitical tensions escalated on the 1,000th day of Russia’s war in Ukraine. Investors sought refuge in major US and …
Forex Consolidation Continues; Eyes on Canada’s CPI – Action Forex
The forex markets remain subdued in Asian session, with all major pairs and crosses confined within yesterday’s tight ranges, and many still constrained within last week’s bounds. Among the majors, …
Yen Slips Slightly as BoJ Offers No Clues on Rate Hike, Kiwi Struggles After Weak Services Data – Action Forex
Yen weakened broadly during the Asian session today, as traders expressed disappointment with BoJ Governor Kazuo Ueda’s remarks. Ueda repeated familiar stances on monetary policy but refrained from offering any …
Key Events for the Week From November 18th – Action Forex
Next week, more countries will release their estimates for October consumer inflation. Canada will do so on Tuesday. The pace of price increases here is below the 2% target, allowing …