Canada retail sales data for September was released at 1:30 pm GMT. Report turned out to be betterthan expected and caused some moves on the market. Highlights of the report:
• Headline: -0.6% MoM vs -1.7% MoM expected (2.1% MoM previous)
• Ex-autos: -0.2% MoM vs -1.0% MoM expected (2.8% MoM previous)
USDCAD pair bounced off upper limit of the wedge formation which coincides with resistance at 1.2660 after today's data release and is heading towards support level at 1.2600. Source:xStation5
BREAKING: BoE raises interest rates by 25pbs to 4%⏰
Norges Bank keeps rates unchanged, but leaves the door open to rate hikes. Is this really the end of the NOK strengthening, though?
Economic Calendar: Investors Await the Bank of England's Decision 🏛️
What Drives the Market❓Top Morning News ⏰ (November 5, 2026)