USDCAD Technical Analysis - Breakout or fakeout? ...Middle East

USThe 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 US Core PCE last week came in line with expectations. The labour market remains pretty resilient but we are starting to see some weakness as Jobless Claims missed expectations once again this week with Continuing Claims now rising at a fast pace. The US Consumer Confidence fell for the third consecutive month although the data beat expectations.The US ISM Manufacturing PMI this week missed expectations by a big margin.The market doesn’t expect the Fed to hike anymo

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USDCAD Technical Analysis - Breakout or fakeout? ...Middle East

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