[FOREX NEWS] Canadian core inflation drops – USD/CAD bounces

Canada released a bulk of retail sales and inflation data. The data is mixed, but the weaker parts seem to take over. Core CPI is up only 1.1% y/y, a drop from 1.3% last month and 1.4% expected. Headline inflation also fell short by remaining at 1.6%. Retail sales look better: a rise of 0.7% against [...]

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[FOREX NEWS] When nothing happens, EUR/USD goes up – 3 drivers

EUR/USD is advancing once again, up some 40 pips on the day, trading at 1.1140. The cycle high has been 1.1170, so there is room to the upside. Further resistance is at 1.13. Support awaits at The pair is on the rise without any dramatic news pushing it higher. Sure, German PPI beat expectations by rising [...]

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