USDCAD is setting up for significant market moves—stay alert! The USDCAD pair, often referred to by traders as the “Loonie,” reflects the exchange rate between the US and Canadian dollars. This pair is a vital indicator of the economic ties between the United States and Canada. The US Dollar is primarily influenced by US economic […]
The post News of the Week (September 2—September 6): USDCAD Trading Focus appeared first on Action Forex.
Key insights from the week that was. In Australia, the latest Westpac-MI Consumer Sentiment Survey provided another encouraging update on the health of the consumer. An impressive 11.8% rebound over the past two months has Read more…
Wages growth has peaked and started declining. At current rates, even quite low productivity growth would be compatible with inflation being sustained at target. So why is the RBA so worried? The Wage Price Index Read more…
China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…