Will the GDP data matter come the BOC’s interest rate decision meeting next week? It may depend on whether USD/CAD continues to follow the price of oil! Canadian GDP for Q2 showed that that the economy grew by 3.3% annualized vs an expectation of 4.4% and a Q1 reading of 3.1%. However, what may be […]
The post Canadian GDP Weaker than Expected. USD/CAD Following Oil on Shorter Timeframes appeared first on Action Forex.
Investors assign 60% chance for a June rate cut by the BoE UK CPI data to reveal whether inflation hit the BoE’s target But PMIs imply some upside risks The data is scheduled for Wednesday Read more…
AUDCAD is higher again today above 0.9100 RSI and MACD are holding in their positive regions AUDCAD has been in an upward movement since February 8, posting a 14-month high of 0.9125 earlier in the Read more…
Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, Read more…