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
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth