EURCAD Wave Analysis

Markets This morning the ‘official’ ONS UK September retail sales for the second consecutive month beat expectations by quite a substantial margin. Headline sales rose by 0.3% M/M and 3.9% Y/Y after a monthly rise of 1% in August and against expectations for a 0.4% monthly decline. Combined with a solid labour market report on […]

EURCHF drops to a 4-month low Significant correction over the past 15 days Momentum indicators confirm the bearish pressure EURCHF has been on a freefall since late May with the move picking up pace following the recent European elections and the first ECB rate cut. This pair is currently trading at a 4-month low, around […]

Markets US and EMU (interest rate) markets today are holding tight ranges with trading mostly technical in nature. If anything markets still err to rather dovish bias, with yields on both sides of the Atlantic hold with reach of recent lows. There were no data in EMU. In the US, the Philly Fed non-manufacturing index […]