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USDCAD Technical Analysis - The breakout of the trendline is a bullish sign

The Fed is waiting for the totality of the data to be released before deciding what to do at their September meeting. As of now, the data supports the soft-landing narrative as the disinflation in the core measures continues but the strength in the labour market and consumer spending might keep inflation higher for longer. This is something that might translate into more rate hikes or a “higher for longer-er” stance. Recently the long-term Treasury yields have been rising non-stop and this has b... Read More

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Content Topics

Usdcad

Technical

Analysis

Breakout

Trendline

Bullish

Sign

Forex

Posted: Aug 18 2023, 06:13

Author Name: forexlive

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