The USD/CAD weekly forecast is neutral as markets prepare for rate cuts in Canada and the US. The Bank of Canada is under pressure to lower borrowing costs due to the weak labor market. Data revealed slightly hotter-than-expected US consumer inflation. The USD/CAD weekly forecast is neutral as markets prepare for rate cuts from the……
The EUR/USD outlook indicates increased volatility as traders weigh ECB and Fed policy outlooks. ECB policymakers said the central bank was still in a good place. US unemployment claim increased sharply to 264,000, well above the forecast of 235,000. The EUR/USD outlook indicates increased volatility as traders weigh a hawkish ECB and data supporting Fed……
The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. Market participants are eagerly awaiting the US CPI report. Data on Wednesday revealed that US wholesale inflation eased by 0.1%. The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. The dollar regained some of its shine……
The USD/JPY forecast shows continued strength in the dollar amid geopolitical uncertainty. Market participants are anticipating the US CPI report. Data on Wednesday revealed softer-than-expected US wholesale inflation. The USD/JPY forecast shows continued strength in the dollar amid geopolitical uncertainty. The greenback rose despite downbeat US wholesale inflation and ahead of the CPI report. Meanwhile,……
The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite. The dollar rebounded on Tuesday as geopolitical tensions sent traders scrambling for safety. Market participants are only confident of an RBA cut in November. The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite due……
The EUR/USD price analysis shows a stronger dollar amid increasing geopolitical tensions. Israel attempted to kill Hamas leaders with an airstrike in Qatar. The euro remained pressured after France’s Prime Minister resigned. The EUR/USD price analysis shows increasing geopolitical tensions, which have increased demand for the safe-haven dollar. At the same time, political uncertainty in……
The USD/JPY price analysis points south as the yen finds relief from political uncertainty. Traders are pricing a 12% chance of a massive Fed rate cut in September. The US will release benchmark revisions for jobs data between April 2024 and March 2024. The USD/JPY price analysis points south as the yen finds relief from……
The GBP/USD outlook indicates a more dovish outlook for the Fed compared to that of the BoE. The US economy added only 22,000 new jobs in August. Market participants are expecting at least three Fed rate cuts before the year ends. The GBP/USD outlook indicates a bullish momentum as the Fed outlook is more dovish……
The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a……
The EUR/USD forecast indicates continued weakness in the dollar after poor US jobs data. Market focus is now shifting to the US CPI report that will continue shaping the outlook for rate cuts. The European Central Bank will meet on Thursday. The EUR/USD forecast indicates continued weakness in the dollar after a downbeat monthly employment……
