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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?

Jerome powellZain vawdaCentral bankLoonie arrests slump largely thanksMore weakness aheadRetail sales data paintsWorrying pictureParticipants are now pricingSteeper rate cutsLearn more about price actionChart patternsMoving averagesBeginner tradersPlease download your free forex guideEuro areaDollar index