Canadian Highlights Canadian home sales and prices declined in September, reflecting the pinch from higher borrowing costs. Homebuilding activity rose in September but remained flat on a six-month trend basis, pointing to continued weakness in residential investment. Next week will bring a flurry of economic data, including the latest inflation report. We’ll be watching for […]
The post The Weekly Bottom Line: Price Pressures Strengthen the Case for Another Hike appeared first on ActionForex.
Persistent core inflation strengthens the case for further Fed tightening. December appears the more likely timing for another US rate increase. Hawkish ECB comments also point towards another hike before year-end. EUR/USD may depend on Read more…
Next week is quiet on the domestic data front, with Tuesday’s housing starts the main report. Starts likely declined further under pressure from elevated mortgage rates. Abroad, Canada CPI likely picked up on energy costs, Read more…
AUDJPY: ⬆️ Buy – AUDJPY reversed from key support level 109.00 – Likely to rise to resistance level 111.00 AUDJPY currency pair recently reversed up from the support zone between the key support level 109.00 Read more…