USD/CAD Retreats Following Lackluster US PMI, Mixed CAD Retail Sales Data

US PMI continued the trend today and missed estimates showing signs that the rate hike cycle is being felt. Canadian retail sales provided mixed signals with USDCAD eyeing Jackson Hole for its next move. Retracement incoming or consolidation ahead?

from DailyFX – Market News https://ift.tt/Uhr0JR6
via IFTTT

Gold Price Outlook: XAU/USD Gains as Yields Ease Ahead of Jackson Hole

Gold has shown an increasing correlation to elevated yields and the dollar, weighing on the metal over the longer-term. Recent dips in yields provides short-term relief

from DailyFX – Market News https://ift.tt/Y6zVfAT
via IFTTT