The Canadian dollar has started the week with gains and could break below the symbolic 1.25 level during the day. US markets are closed for Martin Luther King Day, so I expect a quiet North American session. Later in the day, Canada releases Manufacturing Sales and the BoC Business Outlook Survey. Just four weeks ago, […]
The post CAD Edges Higher ahead of BoC Survey appeared first on Action Forex.
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…
New Zealand’s ANZ Business Confidence dipped marginally in November, falling from 65.7 to 64.9, but it remains at what ANZ describes as an “impressive high” level. Own Activity Outlook, a key forward indicator, rose to Read more…