Canada will report GDP data for the second quarter on Wednesday at 12:30 GMT as investors largely expect a bold rate increase in September. The figures will follow another depressing week for the loonie versus the US dollar, but even if they are arrive encouraging, they may not be able to provide a strong helping […]
The post Loonie Awaits Q2 GDP Data after Depressing Week; OPEC in Focus as Well appeared first on Action Forex.
Daily Pivots: (S1) 0.8288; (P) 0.8296; (R1) 0.8309; More… No change in EUR/GBP’s outlook and intraday bias stays neutral at this point. Another fall is expected as long as 0.8308 minor resistance holds. Below 0.8264 Read more…
Daily Pivots: (S1) 1.6494; (P) 1.6557; (R1) 1.6638; More… Immediate focus is now on 1.6331 resistance as EUR/AUD’s rebound from 1.6355 extends. Break there would suggest that corrective pattern from 1.6800 has already completed, and Read more…
Daily Pivots: (S1) 0.9370; (P) 0.9385; (R1) 0.9404; More…. Intraday bias in EUR/CHF stays neutral as range trading continues inside 0.9359/9516. On the downside, firm break of 0.9359 will revive the case that choppy rise Read more…