WIREX
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September Nonfarm Payrolls preview
This Friday we get September’s labour market report from the US. The market is expecting non-farm payrolls to expand by 150k, up from 142k in August. The unemployment rate is expected to remain steady at 4.2%, and YoY growth in average annual earnings is also expected to remain at August’s level of
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USD/CAD Price Forecast: Tests 21-day Exponential Moving Average near 1.3550
The USD/CAD pair tests 21-day EMA at 1.3534 level, followed by the upper boundary of an ascending channel at 1.3570. If the 14-day RSI crosses above the 50 level, it could reinforce the bullish bias, indicating increasing upward momentum. A break below the lower boundary of an ascending channel at 1
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