U.S. Imposes 50% Tariff on Select Canadian Products

Andy Burnham becomes the UK’s 10th prime minister in 10 years. Will his UK regeneration plan work or do his policies just mean more spending? Any trouble in gilt markets would put the brakes on pound’s long-term recovery. Starmer’s rise and fall It was hoped that when the UK Labour Party won a super-majority of […] The post Will Burnham’s Arrival at No. 10 Spell the End of the Pound’s Four-Year Recovery? appeared first on ActionForex.

Canada’s retail sales rose 1.0% mom to CAD 73.7B in May, marking a broad-based improvement in consumer spending as all nine retail subsectors posted gains. The increase was led by gasoline stations and fuel vendors, reflecting higher fuel prices, while motor vehicle and parts dealers also contributed with a second consecutive monthly increase. Excluding the […] The post Canada Retail Sales Rise 1.0% in May, June Momentum Seen Continuing appeared first on ActionForex.

The European Central Bank left its key interest rates unchanged as widely expected, keeping the deposit rate at 2.25%, while acknowledging that renewed energy market volatility has complicated the inflation outlook. Rather than signalling any change in policy direction, the Governing Council emphasized that the “outlook for energy prices, while highly volatile,” remains well above […] The post ECB Holds Rates, Closely Watches Energy Shock and Inflation Spillovers appeared first on ActionForex.

23 July 2026 The Governing Council today decided to keep the three key ECB interest rates unchanged. The outlook for energy prices, while highly volatile, currently stands close to the baseline of the June Eurosystem staff projections and well above the levels recorded prior to the conflict in the Middle East. Uncertainty remains high and […] The post (ECB) Monetary policy decisions appeared first on ActionForex.

EURUSD is rising on expectations of ‘hawkish’ rhetoric from the ECB. The rally in Brent crude and Treasury yields is not helping the US dollar. The US dollar has retreated, despite rising oil prices and the resulting increase in US Treasury yields. Houthi attacks on tankers in the Red Sea have heightened geopolitical risks and […] The post Euro Focuses on the ECB appeared first on ActionForex.

EUR/USD rose to 1.1429 on Thursday, with the US dollar continuing its moderate decline from the previous session. The market is assessing rising inflation risks driven by elevated energy prices against a backdrop of weakening economic data, while seeking further signals on Federal Reserve policy. At next week’s meeting, the regulator is expected to keep […] The post EUR/USD Recovers as Dollar Weakens appeared first on ActionForex.

TL;DR: Brent oil has surged from to above $97 on Red Sea attacks and Strait of Hormuz escalation, bringing the psychological $100 level into view. While broader markets (stocks, bonds, currencies) have treated the move as a geopolitical risk premium, a decisive break above $100 could signal investors are pricing genuine supply disruption-a narrative shift that […] The post Red Sea Attacks Push Brent Oil Toward $100. Will Markets Finally React? appeared first on ActionForex.

The pound remains under pressure following the release of weaker-than-expected UK inflation data. The slowdown in inflation has strengthened expectations that the Bank of England could adopt a more accommodative policy stance in the coming months, weighing on sterling. Meanwhile, the euro continues to trade within a relatively narrow range as investors await fresh signals […] The post Pound Weakens After Soft UK Inflation Data as EURo Awaits Fresh Market Signals appeared first on ActionForex.

EUR/CHF may already be telling investors what to expect from today’s European Central Bank meeting. The cross broke decisively above 0.9278 this week, extending its recent rally as surging oil prices revived inflation concerns across Europe. The move suggests markets have begun positioning for a relatively more hawkish ECB even though policymakers are almost universally […] The post EUR/CHF Rally Points to Hawkish ECB Hold as Oil Reignites Inflation Risks appeared first on ActionForex.

Australia’s labour market delivered a much stronger-than-expected performance in June, with employment jumping by 76.3k, far exceeding expectations of 15.0k and accelerating from May’s 40.3k gain. Despite the surge in hiring, the unemployment rate held steady at 4.4%, as forecast, with the participation rate climbing from 66.7% to a record-equalling 67.0%. The data point to […] The post Australian Jobs Blow Past Forecasts With 76.3k Growth as Participation Keeps Unemployment Steady appeared...

Key Highlights WTI Crude Oil started a fresh rally above $82 and $85. A bullish trend line is forming with support at $84.80 on the 4-hour chart of XTI/USD. Gold started a fresh recovery and cleared the $4,080 resistance. EUR/USD trimmed gains and might decline below 1.1375. WTI Crude Oil Price Technical Analysis WTI Crude […] The post WTI Crude Oil Powers Ahead, Putting $90 Back on the Radar appeared first on ActionForex.

The short‑term Elliott Wave outlook for FTSE highlights a sustained bullish progression since the March 23, 2026 low. From that base, the Index has carved a clear five‑swing advance, which is classified as a motive sequence and supports the expectation of further upside. The initial rally produced wave ((i)) at 10,687.88, followed by a corrective […] The post FTSE Elliott Wave Outlook: Bullish Bias with 5‑Swing Progression Since March 2026 appeared first on ActionForex.