Daily Pivots: (S1) 1.2440; (P) 1.2474; (R1) 1.2519; More… USD/CAD recovered after dipping to 1.2428 and intraday bias is turned neutral again first. Further decline is expected as long as 1.2591 resistance holds. Corrective pattern from 1.2005 could have completed already. Firm break of 1.2448 support should confirm this bearish case and bring retest of […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
Monday, Nov 25, 2024 Tuesday, Nov 26, 2024 Wednesday, Nov 27 2024 Thursday, Nov 28, 2024 Friday, Nov 29, 2024 The post Summary 11/25 – 11/29 appeared first on Action Forex.
Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market uncertainty. Upcoming PCE Read more…
Canadian Highlights Canadian inflation made headlines this week, with both overall and core inflation pushing higher in October. The Canadian consumer was also in the spotlight as retail sales surged and the Federal government announced Read more…