Daily Pivots: (S1) 0.9580; (P) 0.9605; (R1) 0.9652; More… EUR/CHF’s rebound from 0.9416 is still in progress and intraday bias stays on the upside. Further rally would be seen to 0.9691 key structural resistance. Firm break there will carry larger bullish implication. On the downside, though, below 0.9555 minor support will turn intraday bias neutral […]
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US durable goods orders dropped -1.1% mom in November to USD 285.1B, significantly missing market expectations of a -0.3% mom decline. This also marks the third decline in the last four months. Excluding transportation, orders Read more…
Canada’s GDP rose 0.3% mom in October, surpassing expectations of 0.2% mom, with 12 out of 20 sectors contributing to the growth. This marked a rebound for the goods-producing industries, which expanded by 0.9% mom Read more…
The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday’s European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing. Canada’s GDP expected to remain at 0.1% Read more…