Share: The Canadian Dollar found its highest bids in nearly six weeks on data beats. Retail Sales in Canada gave a surprise 0.6% jump in September. The Loonie was firmer on Friday as market sentiment spun up to close out the week. The Canadian Dollar (CAD) found some bullish momentum in the latter half of
Share: The GBP/USD is trading flat but rough on Friday, trying to hold above the 1.2400 handle. The Pound Sterling’s midweek rally is still under threat as markets pare away gains. Slumping UK data is sending the GBP into consolidation. The GBP/USD is treading water just above the 1.2400 handle as the pair
Share: NZD/USD eyes stabilization above 0.6000 amid easing US price pressures. Further action in the US Dollar will be guided by the monthly US Retail Sales data. NZD/USD forms an Inverted Head and Shoulder chart pattern. The NZD/USD pair aims for stability above the psychological resistance of 0.6000 as the market mood has
Share: USD/CAD refreshes day low as higher oil prices strengthen the Canadian Dollar. Canadian Retail Sales report indicates that automobile demand remained weak. The US Dollar turned soft due to neutral guidance from Fed Powell. The USD/CAD pair faces selling pressure after a less-confident pullback move to near the round-level resistance of 1.3700
Share: Pound Sterling dropped after data showed that UK Retail Sales declined by almost 1% in September. The decrease in Retail Sales suggests a weakening household’ spending, which is the main driver of the UK economy. The Bank of England is widely expected to leave interest rates unchanged. The Pound Sterling (GBP) retreated after the
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Share: EUR/GBP fades bounce off intraday low but remains defensive after reversing from two-week high the previous day. German Retail Sales for July prints downbeat figures, UK Car Production improves. BoE’s Pill, Eurozone HICP eyed for clear directions. EUR/GBP fades bounce off intraday low around 0.8580 as it justifies downbeat German Retail Sales