usdcad update

USDCAD dumps as expected - PCE data was published with a slight decline, which has lead to a bearish reaction from USD - equities and crypto showing small positive reaction to the news. What is PCE? - PCE (Personal Consumption Expenditure) in layman's terms is data showing how much consumers are spending - This shows the affect inflation is having on the average consumer.

I hope some of you capitalised on my previous analysis