The Bank of Canada has decided to keep interest rates at 5.0% for the fifth time in a row, it announced yesterday, as it continues to look for clearer signs that inflation is moving closer to the bank’s 2% target before considering rate cuts. According to Bank of Canada Governor Tiff Macklem: → the Bank […]
USDCAD stays on the sidelines ahead of November’s jobs data Bearish pressures likely but sellers need a close below 1.4000 USDCAD is currently treading water, caught in a neutral symmetrical triangle at the top of the two-month-old uptrend as traders are holding their breath ahead of the release of key U.S. and Canadian jobs data. The technical […]
The post USDCAD Battles for Direction Within Triangle appeared first on Action Forex.
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