EURUSD Trades Sideways After Sharp DFrop

The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3580, down 0.08% On the economic calendar, the Bank of Canada holds its rate meeting. The US will release JOLTS Job Openings, which is expected to tick lower to 8.9 million in February, compared to 9.02 million a […]

CADJPY reversed from support level 104.60 Likely to rise to resistance level 107.00 CADJPY rising strongly after the price reversed up from the key support level 104.60, which reversed the price twice in July. The support level 104.60 was strengthened by the 38.2% Fibonacci correction of the upward impulse from March. Given the strength of […]

Summary A headline increase to 47.2 for the ISM manufacturing index says more about a back-up in inventories than it does about a meaningful improvement for the factory sector. Excluding the inventory contribution, the index would have been down 0.8 points. Rise & Whine: More of the Same from August ISM This is not the […]