USDCAD Technical Analysis - Another fakeout or a real breakout? ...Middle East

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USDThe Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.The US CPI beat expectations for the second consecutive month with the disinflationary trend reversing. The US PPI beat expectations across the board by a big margin.The US Jobless Claims beat expectations with the data remaining steady.The latest US PMIs increased further from the prior month with the Manufacturing PMI beating expectations and the Services PMI missing. The US Retail Sales missed expectations across the board by a big margin.The market now expects the first rate cut in June. CADThe BoC left interes

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Last updated : 27 February 2024 clock 04:24 PM

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USDCAD Technical Analysis - Another fakeout or a real breakout? ...Middle East

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