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An action-packed week lies ahead, featuring central bank meetings in the Eurozone, Canada, and Australia, an output decision from the OPEC cartel, and the selection of the next UK prime minister. The...
USDCAD is showing some signs of weakness after three straight green days and a spike near the 20-month peak of 1.3225. In trend indicators, the 20- and 50-day simple moving averages (SMAs) posted a...
The Canadian dollar has extended its losses for a third straight day. In the North American session, USD/CAD is trading at 1.3175, up 0.32%.Canada’s Manufacturing PMI Contracts Canada’s...
The poor eurozone PMI underscores likely recession and weighs on the single currency, which was sold to a new 20-year low. Rather than a "Turn Around Tuesday" a broadly consolidative session is...
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