USD/CAD Price Analysis: Surge Amid Strong Dollar, Capped by WTI Upside

The EUR/USD forecast shows the euro steady ahead of the European Central Bank meeting. Market participants expect the ECB to keep interest rates unchanged. The European Union is nearing a trade deal with the US. The EUR/USD forecast indicates that the euro remains steady ahead of the European Central Bank meeting. Meanwhile, business activity data……

The EUR/USD outlook remains choppy near 1.1600, with an eye on HICP data. Eurozone inflation is expected to tick up, reinforcing the ECB’s decision to hold in the December meeting. Fed easing odds continue to weaken the dollar, lending support to the EUR/USD. The EUR/USD price remains flat near 1.1600 during the earlier European session……

The AUD/USD weekly forecast shows a range-bound momentum as the data from both sides counterbalanced the price action. RBA’s unchanged rate decision could not impress buyers, while sellers shied amid a weaker greenback.  Traders look ahead to the US and AUS inflation figures to find a directional bias.  The AUD/USD weekly forecast shows the pair……

The GBP/USD forecast remains bearish below 1.3350 as dismal UK CPI weighs on the pound. Rising unemployment and downward-trending UK CPI cement the odds of a BoE rate cut on Thursday. The weakening dollar keeps pound losses limited, with eyes on the US CPI data ahead. The British pound plummeted against the US Dollar on……

AUD/USD outlook remains deteriorated as China’s data disappoints, along with the declining Australian trade surplus. Friday’s US NFP data is expected to reveal positive figures, keeping the dollar buoyed. Technically, the price remains prone to more losses under the 20-period MA The AUD/USD price remains under pressure near the 0.6690 level, struggling to regain its……

The EUR/USD forecast remains bullish amid a weaker dollar and a resilient Eurozone economy. ECB officials highlight the EU’s stable inflation, pointing to a likelihood of a rate hike next year. All eyes are on the FOMC press conference and labour data to provide fresh impetus to the market. The EUR/USD pair opened the week……