Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights The Bank of Canada held rates at 2.25% but struck a more hawkish tone, citing elevated energy prices and upside risks to inflation. Canada’s labour market lost some momentum in August, shedding over 40k jobs. The unemployment rate remained […]
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EUR/USD dipped to 1.1565 last week but recovered. Initial bias remains neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.1555) will argue that rebound from 1.1323 has completed Read more…
USD/JPY fell sharply last week and there is no clear sign of bottoming yet. Initial bias stays on the downside this week with focus on 154.76/155.01 key support zone. Strong support is expected from the Read more…
GBP/USD’s pullback from 1.3675 extended lower last week but recovered after hitting 1.3473. Initial bias remains neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.3475) will indicate that Read more…