Daily Pivots: (S1) 1.3304; (P) 1.3339; (R1) 1.3402; More…. USD/CAD’s rebound from 1.3115 short term bottom extended higher and it’s now pressing 55 D EMA (now at 1.3369). Intraday bias stays on the upside for the moment. Sustained trading above 55 D EMA will argue that whole corrective pattern from 1.3976 has completed with three […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…
Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed Read more…
The shift to a more services-based economy increases economy-wide depreciation rates, and so the need to invest. Higher average interest rates – and economy-wide profit shares – are among the likely results. An important reason Read more…