The focus will be on the Bank of Canada’s decision on interest rates on Wednesday amid rising consumer prices, followed February’s gross domestic product print on Thursday. We expect the BoC will hold interest rates unchanged for a fourth consecutive meeting, but policymakers will be watching the impact of higher energy prices on inflation closely. […]
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GBP/USD turned into consolidations last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 61.8% retracement of 1.3867 to 1.3158 at 1.3596 will pave the way Read more…
USD/CHF turned into consolidations last week and recovered, but overall outlook is unchanged. Initial bias remains neutral this week first. On the downside sustained break of 61.8% retracement of 0.7603 to 0.8041 at 0.7770 will Read more…
AUD/USD edged higher to 0.7221 but retreated since then. Initial bias remains neutral this week for more consolidations first. On the upside, firm break of 0.7221 will extend larger up trend to 61.8% projection of Read more…