Canadian CPI inflation figures for May will make headlines on Wednesday at 12:30 GMT as investors look for clues to justify a potential Fed-style triple rate hike from the Bank of Canada next month. Given the unforeseen inflation spikes elsewhere, an upbeat report in Canada would not be surprising, likely making a super-sized rate increase […]
The post Will Canada Face a US-Style Inflation Spike? appeared first on Action Forex.
Chipotle Mexican Grill has spent years convincing investors that it can raise prices, open restaurants, and keep customers coming back, but Wall Street is now asking a harder question about how much growth the fast-casual Read more…
Daily Pivots: (S1) 1.3502; (P) 1.3557; (R1) 1.3660; More… Intraday bias in GBP/USD remains on the upside for the moment. Rise from 1.3158 is in progress for 61.8% projection of 1.3158 to 1.3598 from 1.3453 Read more…
Daily Pivots: (S1) 1.1677; (P) 1.1709; (R1) 1.1764; More…. Intraday bias in EUR/USD stays neutral, and further rise is in favor with 1.1642 support intact. On the upside, sustained trading above 61.8% retracement of 1.2081 Read more…