Canada – Walking the Tightrope The Bank of Canada took center stage this week, holding its policy rate at 2.25%. It reinforced a message that has become increasingly clear: Canada’s economic growth is soft at the same time that risks to inflation remain elevated. The tone of the announcement struck a careful balance. Policymakers acknowledged […]
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GBP/USD failed to break through 1.3300 support last week as sideway trading continued. Initial bias remains neutral this week first. Risk will stay mildly on the downside as long as 1.3508 resistance holds. Firm break Read more…
USD/CHF’s rally from 0.7760 continued last week but retreated after hitting 0.8012. Initial bias stays neutral this week for consolidations. Further rise is expected as long as 0.7906 resistance turned support holds. Above 0.8012 will Read more…
AUD/USD’s edged lower to 0.6977 last week but recovered since then. Initial bias remains neutral this week first. Risk will stay on the downside as long as 0.7076 support turned resistance holds. Below 0.6977 will Read more…