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USDCAD Technical Analysis - The momentum is waning
US:The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting.Fed Chair Powell reaffirmed their data dependency and kept all the options on the table.Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly solid.Overall, the economic data started to surprise to the downside lately.This week the ISM Services PMI and Jobless Claims surprised to the upside.The Fed members are leaning more towards...
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Posted: Sep 8 2023, 08:18
Author Name: forexlive
Views: 112220