Share: USD/CAD retraces to 1.3570, and holds above the 50- and 100-hour EMAs on the four-hour chart. The key resistance level is seen at 1.3600; the initial support level is located at 1.3515. Relative Strength Index (RSI) is located in the bullish territory above 50. The USD/CAD pair loses some ground after being
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
The softening in US August core PCE inflation (3.9% YoY vs previous 4.3%, 0.1% MoM vs previous 0.2%) failed to drive a sustained rebound in Wall Street last Friday, as Treasury yields stayed firm despite some paring in rate hike bets. While further progress on the core inflation front may offer room for the Federal
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
Share: The GBP/USD tumbled on a dovish BoE on Thursday. Mixed PMIs for the US saw the USD take a step back, but Pound Sterling traders couldn’t capitalize. UK Retail Sales missed the mark, keeping the GBP in a bearish stance. The GBP/USD is looking for further downside to end the trading week, probing
Prior month manufacturing PMI 47.9. Services PMI 50.5 Manufacturing PMI 48.9 versus 48.0 estimate Services PMI 50.2 versus 50.6 estimate Composite PMI 50.1 versus 50.2 last month Mixed report vs expectations. Manufacturing remains below the 50 level indicative of contraction. Services remain just above the 50.0 level as it clings to growth. The services PMI