GBPAUD Wave Analysis

The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing. Canada’s CPI lower than expected Canada followed the US and posted a better-than-expected inflation report for June. The annual inflation rate fell to 2.7% in June, […]

Overnight, the gold price briefly exceeded $2300, recording another round level, not counting an update of the all-time high. This is an occasion to assess gold’s prospects, which are becoming a little less unambiguous. Touching the level of $2300 marked the achievement of the 161.8% Fibonacci retracement of the growth impulse from 29 February to […]

Summary The employment situation report for April kicked off the second quarter with signs that the labor market is cooling. Nonfarm payrolls increased by 175K in the month, below consensus expectations for a 240K gain, while the unemployment rate rose a tenth to 3.9%. Meantime, average hourly earnings growth slowed and, at just 3.9% year-over-year, […]