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USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On Shorts First

Dollar/CAD is trading under 1.24 ahead of the BOC decision. The team at TD sees a big air pocket on the way down. Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that the focus this week for CAD traders shifts from data to policy, with the BoC meeting Wednesday. “We believe […]

The post USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On Shorts First appeared first on Forex Crunch.

GBP/USD: is it time to go short?

GBPUSD Trading Setup Today I am looking at the GBPUSD pair. It seems like the daily chart looks ready to take a break. Price action is showing us first two bullish rejection candles- one of them is a pinbar. The candle from yesterday is a bearish engulfing candle. Additionally, the price is residing just below […]

The post GBP/USD: is it time to go short? appeared first on Forex Crunch.

USD: No Hint Of Inflation In Aug Payrolls; Dec Rate Hike Not A Done Deal – CIBC

The US gained only 156K non-farm jobs in August, weaker than expected. Moreover, wages advanced by only 2.5% y/y, not going anywhere fast. The team at CIBC looks forward to the next events. CIBC Strategy Research comments on today’s US August jobs report: “One of these days, all that US job creation is going to spill […]

The post USD: No Hint Of Inflation In Aug Payrolls; Dec Rate Hike Not A Done Deal – CIBC appeared first on Forex Crunch.

CAD: Where To Target USD/CAD N-Term As It’s Starting To Reverse Higher – TD

USD/CAD made another attempt at the lows but recovered quite swiftly. What’s next? Here is the view from TD: Here is their view, courtesy of eFXnews: D FX Strategy Research argues that the broad trend in the USD will set the tone in USD/CAD as the pair is undergoing a good recovery this week. “Based on a […]

The post CAD: Where To Target USD/CAD N-Term As It’s Starting To Reverse Higher – TD appeared first on Forex Crunch.

GBP: Negative Brexit Sentiment Weights But Not Much Further Scope For Selling

Brexit talks are into their third round. While the UK offered some concessions, the EU does not see enough progress. What does this mean for the pound? The team at BTMU analyzes: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that while the negative Brexit sentiment could put a downside pressure on GBP over […]

The post GBP: Negative Brexit Sentiment Weights But Not Much Further Scope For Selling appeared first on Forex Crunch.

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