The Canadian dollar is trading quietly today, just above the 1.2900 level. That could change in the North American session, with the release of Canada’s GDP for April. GDP expected to soften Canada’s monthly GDP releases have been pointing southwards. In March, GDP slowed to 0.7, down from 0.9% prior. The April estimate stands at […]
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Retail sales fell 0.1% in the September quarter, a smaller drop than we expected. Retail spending remains soft, but is likely to firm over the coming months. September quarter retail sales (volume of good sold): Read more…
Key Highlights EUR/USD started another decline and traded below the 1.0500 support. A major bearish trend line is forming with resistance at 1.0485 on the 4-hour chart. Bitcoin rallied further and traded close to the Read more…
GBPUSD broke support zone Likely to fall to support level 1.2465 GBPUSD currency pair recently broke the support zone located between the support level 1.2620 (former monthly low from June) and the support trendline of Read more…