Canada’s employment report next Friday and the Bank of Canada’s Business Outlook Survey on Monday should provide important updates on the balance between labour market conditions, business confidence and inflation expectations. We expect June’s labour market to broadly hold onto gains in the prior month that retraced much of the weak data over the first […]
The post Labour Market and Business Sentiment in Focus as Canada’s Economy Stabilizes appeared first on ActionForex.
EUR/USD stayed in consolidations above 1.1323 last week and outlook is unchanged. Initial bias remains neutral this week. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will Read more…
USD/JPY’s steep pullback last week confirms short term topping at 162.83. Initial bias stays mildly on downside this week for 38.2% retracement of 155.01 to 162.83 at 159.84. Since this level is close to 55 Read more…
GBP/USD’s strong rally last week confirms short term bottoming at 1.3139. Initial bias stays on the upside this week for 1.3459 resistance. Firm break there will argue that whole correction from 1.3867 has completed, and Read more…