Daily Pivots: (S1) 1.3745; (P) 1.3765; (R1) 1.3788; More… Intraday bias in USD/CAD is turned neutral with current recovery. Corrective pattern from 1.3845 could extend lower. But downside should be contained by 1.3660 support to bring another rally. Break of 1.3845 will resume the whole rally from 1.3716 to 1.3976 key resistance. In the bigger […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
In focus today Today offers a light schedule in terms of tier-1 data releases. Most global markets that were off yesterday due to the International Labour Day are back today. In the US, we will Read more…
The Federal Reserve (Fed) decision yesterday was… interesting. As expected, the Fed kept its rates unchanged and said that they are not confident to cut the interest rates as inflation has started to show signs Read more…
Swiss CPI rose 0.3% mom in April, above expectation of 0.2% mom. CPI core (excluding fresh and seasonal products, energy and fuel) rose 0.4% mom. Domestic products prices rose 0.1% mom. Import products prices rose Read more…