There was a surprise contraction in Canada’s economy in Q2. Despite estimates for a 1% increase, GDP fell by 0.2% (at an annualized rate) and with most of the decline coming from a 0.2% drop in June. And an early estimate for July suggests GDP was ‘essentially unchanged’ from the month before. Data releases have […]
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Fed is widely expected to leave its benchmark interest rate unchanged at 4.25–4.50% today. With no update to its economic projections or dot plot this time, attention will turn squarely to the post-meeting statement and Read more…
Key Highlights GBP/USD found support near 1.3250 and started a fresh increase. It cleared a key bearish trend line with resistance at 1.3300 on the 4-hour chart. EUR/USD is consolidating above the 1.1250 support zone. Read more…
China’s central bank has announced a sweeping set of monetary policy measures to support its economy, starting with a 10bps cut in the seven-day reverse repo rate to 1.40%, effective May 8. In a more Read more…