UK GDP Stronger Than Expected, US Retail Sales Post Small Gain, Pound Posts Gains

USDCAD marks new higher high after disappointing ISM manufacturing PMI A close above 1.3880-1.3900 is needed to postpone profit-taking US nonfarm payrolls eagerly awaited at 12:30 GMT USDCAD began the month on a positive note, swiftly recovering from its recent setback and reaching an eight-month high of 1.3877, slightly above April’s peak of 1.3844. The […]

There are rare moments when the market’s reaction to news leaves me baffled. And today – this week – is one of them. The French government just collapsed, and the composition of the government suggests that whoever replaces Micel Barnier will face the same problems than he did, in a France that became ungovernable. But […]

Keep your eyes on GBPCAD—new trading prospects are emerging! The GBPCAD currency pair, representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian dollar is heavily influenced by fluctuations in commodity prices, particularly oil, due to Canada’s status […]