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USDCAD Analysis: Support at 1.3070/1.3020, resistance at 1.3160/1.3200


After the Fed's decision to hold rates, what is the market reaction? The chart of the day is Dollar/Canadian dollar.

GBP/JPY trims losses, hovers around 186.50

The cross in the GBP/JPY bounced-off a brief dip below 186 handle, although keeps losses in the European session, as the yen bulls dominates across the board on the back of rising risk-off sentiment.
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Dovish Fed left rates unchanged, Greek elections during the weekend

Forex News and Events Outlook on Canada’s CPI report (By Arnaud Masset) According to the latest survey, economists expect core inflation pressures to have weakened during the month of August. The gauge, which excludes the eight most volatile components and indirect taxes, is expected to have slowed down to 2.1%y/y in August from 2.4% a month earlier, while headline CPI is expected to remain stable at 1.3%y/y. We are a little more pessimistic regarding the latter and anticipate that the
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