Daily Pivots: (S1) 1.2681; (P) 1.2715; (R1) 1.2777; More… Intraday bias in USD/CAD is turned neutral with current recovery. On the downside, break of 1.2652 will revive the case that rebound from 1.2448 has completed at 1.2876. Deeper fall should be seen back to retest 1.2448 low. However, break of 1.2876 will resume the rise […]
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Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…