USDCAD Technical Analysis - The market focus switched towards the recession? ...Middle East

USDThe Fed left interest rates unchanged as expected with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The recent US CPI missed expectations across the board bringing the expectations for rate cuts forward. The labour market is starting to show weakness as Continuing Claims are now rising at a fast pace and the recent NFP report missed across the board.The US Consumer Confidence and University of Michigan Consumer Sentiment continue to fall.The recent US ISM Manufacturing PMI missed expectations by a big margin, followed by a disappointing ISM Services PMI, although t

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