EUR/CHF Weekly Outlook

EUR/CHF Weekly Outlook

EUR/CHF continued to gyrate inside established range last week and outlook is unchanged. Initial bias remains neutral this week first. Rise from 0.9218 might continue, either as a correction to fall from 0.9660, or the third leg of the pattern from 0.9204. On the upside, above 0.9419 will target 0.9445 resistance and above. Nevertheless, on […]

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Week Ahead: May NFP, Bank of Canada and ECB Rate Decisions

Week Ahead: May NFP, Bank of Canada and ECB Rate Decisions

Week in Review: Trump Taco, USD indecision and RBNZ Rate decision This week was once again filled with tradable action in markets. The week started off with closed US and UK markets, a broadly positive sentiment taking global indices higher in the beginning of the week with the Nikkei 225 leading the charge. The US […]

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The Weekly Bottom Line: President Trump, the King, and the BoC

The Weekly Bottom Line: President Trump, the King, and the BoC

Canadian Highlights A U.S. court decision to block U.S. IEEPA tariffs could be a win for Canadian manufacturers if it’s upheld. Still, the U.S. has other legal means to impose tariffs on Canada, and sector-specific ones remain in place. Canadian GDP advanced at a reasonably firm 2.2% pace in Q1. However, domestic demand flatlined, reinforcing […]

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Canada GDP expands 0.1% mom in March, another 0.1% mom in April

Canada’s GDP grew by 0.1% mom in March, in line with market expectations. Strength in goods-producing industries continued to support overall output. The sector expanded by 0.2%, marking its second lead contribution in the past three months. Services-producing industries also edged higher by 0.1%. In total, 9 out of 20 sectors posted growth. Looking ahead, […]

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