USD/CAD Weekly Forecast: Trade Barriers Undermine CAD

The USD/CAD price analysis shows stronger bullish sentiment as the dollar recovers. The JOLTS report revealed that job openings in the US rose to 7.77 million. Economists expect slower US job growth in June and for the unemployment rate to jump from 4.2% to 4.3%. The USD/CAD price analysis shows stronger bullish sentiment as the……

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 USD/CAD forecast indicates a slight recovery of the dollar against the Canadian dollar. Market participants are eagerly awaiting the US monthly employment figures. Data revealed that Canada’s economy unexpectedly contracted. The USD/CAD forecast indicates that the dollar is expected to recover slightly against the Canadian dollar ahead of crucial employment figures from the US……

The GBP/USD weekly forecast remains mildly bullish as the US dollar weakens on a continued US government shutdown.  The central bank is likely to move towards further easing, while the Fed stays data-dependent.  Traders await GBP manufacturing and average earnings reports, along with the US consumer price index and retail sales the next week.  The……

The EUR/USD weekly forecast has turned bullish after the Fed Chair left dovish remarks regarding rate cuts. Positive Eurozone PMIs limited the downside for the Euro. Markets eye macro releases from both the Eurozone and the US next week. The euro ended the week with a flurry of buying, with EUR/USD breaking through the 1.1700……

EUR/USD price slips as unresolved French political risk undermines confidence in the euro. Dollar strength is partly structural, driven by relative decline elsewhere rather than strong national data. Fed minutes and ECB commentary may be the next catalysts for a shift in direction. The EUR/USD price extended its downside on Wednesday, falling to 1.1615, the……