Daily Pivots: (S1) 1.3777; (P) 1.3818; (R1) 1.3849; More… USD/CAD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise is part of the whole rally from 1.3176 and next target is 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025. On the downside, break of 1.3786 support is […]
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US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential market implications. Assessing the likelihood Read more…
Canadian Highlights Canada continues to digest the implications of last week’s U.S. election result, as interest and exchange rates adjust to expectations for policy changes south of the border. Existing home sales came in strong Read more…
Summary United States: Inflation Redux The descent in inflation remains slow-going. Stubborn services prices lifted the Consumer Price Index 2.6% annually in October, the first acceleration in this measure since Q1. Sticky inflation does not Read more…