BofA: Trade tensions will overshadow election effects on the Loonie

BofA: Trade tensions will overshadow election effects on the Loonie
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BofA: Trade tensions will overshadow election effects on the Loonie
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This week brings a packed economic calendar, with critical U.S. inflation data, labor market reports, and major central bank decisions that are likely to drive significant volatility across financial markets. Below are the five most impactful events, listed chronologically. U.S. Nonfarm Payrolls & Labor Market Data – Tuesday, December 16, 13:30 UTC Key indicators released:…
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Introduction In the ever-evolving world of forex trading, traders seek tools that enhance accuracy, efficiency, and profitability. One such tool gaining attention is Precision Breakout Pro Indicator, a price action trading system based on the popular Breakout Strategy. Unlike traditional breakout indicators, Precision Breakout Pro Indicator claims to offer precise, real-time buy and sell signals,…
2024.08.02 2024.08.02 USDJPY: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 140.92 with a growth target of 165.00 – 170.00. A buy signal: after a breakout above 140.92. Stop Loss: below…
The Reserve Bank of Australia (RBA) shocked markets today by keeping the cash rate unchanged at 3.85%, defying widespread expectations for a 25 basis point cut. The decision was made by a 6-3 majority vote, marking the first time the RBA has revealed its voting breakdown. Key Takeaways: RBA held rates at 3.85% vs market…
European currencies, particularly the pound and the euro, posted a sharp decline at the start of the week before shifting into a corrective rebound. However, the current move appears largely technical in nature, with the market maintaining a cautious stance ahead of the key US labour market report — Nonfarm Payrolls — due for release…