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The Canadian Dollar (CAD) has found a modest bid on the coattails of its commodity cousins even as President-elect Trump repeated his threat to impose huge tariffs on Canada, Mexico and China in his first major TV interview which aired over the weekend. Scope for CAD gains is limited, Scotiabank’s C

Key highlights EUR/USD started a recovery wave above the 1.0520 resistance zone. A key rising channel is forming with support near 1.0500 on the 4-hour chart. EUR/USD technical analysis Looking at the 4-hour chart, the pair surpassed the 38.2% Fib retracement level of the downward move from the 1.09

Short Term Elliott Wave in American Airlines (AAL) suggests that rally from 11.6.2024 low is in progress as an impulse. Up from 11.5.2024 low, wave ((i)) ended at 15.13 as the 1 hour chart below shows. Pullback in wave ((ii)) unfolded as a double three Elliott Wave structure. Down from wave ((i

Unemployment Rate in Canada rose at a faster pace than expected in November. USD/CAD trades in positive territory near 1.4100 after the data. The Unemployment Rate in Canada rose to 6.8% in November from 6.5% in October, Statistics Canada reported on Friday. This reading came in above the market exp

The EUR/USD pair’s recovery halts with investors growing cautious ahead of the release of the US Nonfarm Payrolls report. The uncertain political situation in France, with President Macron into question, is likely to weigh on the Euro. In the US, above-expectations Jobless Claims and weak services a

Gold rises as Powell underscores the need for cautious monetary policy. Mixed US economic data, including slightly disappointing ADP employment changes, support cautious investor sentiment. Fed’s Musalem keeps optionality for the December meeting. Gold price advances during Wednesday’s North America