Share: GBP/USD regains 1.22. Economists at Scotiabank analyze the pair’s outlook. Sterling’s short-term pattern of trade looks encouraging Sterling’s short-term pattern of trade looks encouraging and the resilience of demand for the Pound on weakness over the past month or more is notable. Trend momentum is supportive on the intraday studies but less
Share: USD firms modestly. Economists at Scotiabank analyze Greenback’s outlook. Soft data risks for the US may be rising The USD is trading firmer overall but the ‘market-weighted’ DXY is trading off its earlier highs ahead of the North American session and effectively continues to consolidate within the October trading range. Soft data
Share: USD/CAD trades little changed in the mid-1.35s. Economists at Scotiabank analyze the pair’s outlook. Weak risk mood remains a headwind for CAD Weak risk mood and marginally lower energy prices are enough to keep the CAD tone defensive for the moment while relatively stable short-term spreads may act as something of an