BoC is widely expected to cut interest rates for the third consecutive meeting today, lowering the policy rate by 25bps to 4.25%. With inflation at a 40-month low of 2.5% and trending toward the 2% target, coupled with ongoing weakness in the labor market, further easing is anticipated. As a result, BoC is likely to […]
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Daily Pivots: (S1) 1.1096; (P) 1.1137; (R1) 1.1204; More…. No change in EUR/USD’s outlook and intraday bias stays on the upside. Decisive break of 1.1200will resume larger the rally from 1.0665 to 1.1274 high. Firm Read more…
Daily Pivots: (S1) 0.8446; (P) 0.8480; (R1) 0.8512; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, break of 0.8374 will resume the fall Read more…
Daily Pivots: (S1) 141.70; (P) 142.82; (R1) 143.76; More… Intraday bias in USD/JPY remains on the upside at this point. Rebound from 139.57 short term bottom should target 55 D EMA (now at 147.37), and Read more…