USDCAD Technical Analysis - The bias remains bearish in the short term ...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 recent US Core PCE came in line with expectations. The labour market is starting to show some weakness as Continuing Claims are now rising at a fast pace and the NFP data last Friday missed across the board.The US Consumer Confidence fell for the third consecutive month although the data beat expectations.The US ISM Manufacturing PMI last week missed expectations by a big margin, followed later on Friday with a disappointing ISM Services PMI, although the index rem

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USDCAD Technical Analysis - The bias remains bearish in the short term ...Middle East

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