The key barrier is seen at 1.3600 ahead of the Canadian, US PMI data

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

China’s PMI Mixed, BOJ Minutes Well-Received by Nikkei

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

China Caixin Services PMI fell from previous 51.8 to 50.2 in September

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GBP/USD loses the 1.22 handle to close out Friday trading

Share: The GBP/USD initially rose on Friday, but got knocked lower as the market broadly swept back into the US Dollar. The US Dollar index caught a late bid to push back into the middle to close out the trading week. Recession risk is still quite high in the UK, capping Pound Sterling

GBP/USD continuing to slide, testing waters below 1.2250

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

S&P global manufacturing PMI flash for September 48.9 versus 48.0 estimate

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