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UK house price inflation accelerated less-than-expected in July, after easing in the previous three months, survey results from the Nationwide Building Society showed on Tuesday. The house price index logged a double-digit annual growth of 11.0 percent in July, faster than the 10.7 percent rise in June. However, this was slower than the economists' forecast of 11.5 percent. more...
The manufacturing sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 50.4. more...
The July Fed meeting changed the trajectory for the US Dollar for the rest of 2022. more...
The Euro slightly gained as the US Dollar weakened. US GDP shrinking once again placed more focus on a pivot from the Federal Reserve. Are markets wrong? All eyes are on non-farm payrolls data. more...
Fresh data prints coming out of the US and Canada may influence the near-term outlook for USD/CAD amid the ongoing shift in monetary policy. The daily price is located near and above 200 SMA in the bullish area of the chart. If the price crosses the 100 SMA together with fibo support level at 1,2787 to below so the secondary correction will be continuing with the possible daily bearish reversal. If the price is bounced from 100 SMA and support ...
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