Key takeaways Canada inflation & BoC stance: July CPI accelerated to 3.0% YoY, pressuring USD/CAD in the short term, but the Bank of Canada maintains a cautious stance as underlying core metrics continue to moderate. Australian labor & RBA dilemma: A sharp contraction in employment pushed unemployment to 4.5%, yet sticky core inflation keeps the […]
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AUD/USD’s rally from 0.6864 continued last week and accelerated higher. Initial bias remains on the upside this week. Firm break of 161.8% projection of 0.6864 to 0.7026 from 0.6921 at 0.7183 will bring retest of Read more…
USD/CAD’s decline from 1.4247 accelerated lower last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for retesting 1.3480 low. On the upside, above 1.3811 minor resistance Read more…
GBP/JPY’s rally continued last week and the development is inline with the case that corrective fall from 219.56 has already completed. Initial bias stays on the upside this week for retesting 219.56 high. On the Read more…