EUR/GBP staged a deep pullback to 0.8609 last week but rebounded just ahead of 38.2% retracement of 0.8354 to 0.8752 at 0.8600. Initial bias is turn neutral this week first. Corrective pattern from from 0.8752 Read more…
EUR/AUD resumed the decline from 1.8094 last week but quickly rebounded after hitting 1.7671. Initial bias stays neutral this week first. On the upside, break of 1.7972 resistance should resume the whole rally from 1.7245 Read more…
EUR/CHF fell further to 0.9265 last week but lost momentum again and recovered. Initial bias is turned neutral this week first. Price actions from 0.9445 could still be considered a corrective pattern. On the upside, Read more…
Summary Recent trade announcements have been billed as an escalation in the trade war. By our reckoning, the upshot is actually an effective tariff rate of 18%. That is the midpoint between the 16% rate in Read more…
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Week in review: Volatile week between Trade Deals, the FOMC Meeting and the Non-Farm Payrolls report The week kicked off with a risk-positive tone as headlines around a Euro–US trade breakthrough triggered a sharp gap Read more…
Canadian Highlights This week offered a clearer picture of business and consumer sentiment. Both surveys turned more negative in Q2, with domestic demand expected to remain soft and investment outlook flashing a weak signal for Read more…
Summary United States: The Week Data Converged to Reveal a Clear Slowing in Activity Roughly four months since Liberation Day and after a run of broadly benign initial readings on the economy, data this week Read more…
Tariffs on Canadian goods announced by the U.S. on July 31 do not significantly alter Canada’s economic outlook. The International Emergency Economic Powers Act (IEEPA) tariff increased from 25% to 35%, but still only applies Read more…
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