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Read more about the article USD/CAD Forecast: Pair Retreats After Reaching New Peaks

USD/CAD Forecast: Pair Retreats After Reaching New Peaks

  • Post author:admin
  • Post published:October 24, 2024
  • Post category:news
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The Bank of Canada cut interest rates by 50 basis points on Wednesday. Oil rose nearly 1% early Thursday after Hezbollah hit Israel with missiles. The dollar remained steady as…

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Read more about the article EUR/USD Outlook: Eurozone Business Slump Dampens Outlook

EUR/USD Outlook: Eurozone Business Slump Dampens Outlook

  • Post author:admin
  • Post published:October 24, 2024
  • Post category:news
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Data on Thursday showed that eurozone business activity remained weak in October. Markets fully appreciate the ECB's 25 basis point rate cut in December. US PMI numbers will show the…

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Read more about the article GBP/USD Price Analysis: Rally Fades Under 1.30 Amid Slow Jobs

GBP/USD Price Analysis: Rally Fades Under 1.30 Amid Slow Jobs

  • Post author:admin
  • Post published:October 23, 2024
  • Post category:news
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UK wage growth stagnated in the three months to September. Market participants will pay attention to BoE Governor Andrew Bailey's speech. The upcoming US election is keeping market participants on…

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Read more about the article USD/CAD Forecast: Traders Lock Profits Ahead of BoC Meeting

USD/CAD Forecast: Traders Lock Profits Ahead of BoC Meeting

  • Post author:admin
  • Post published:October 23, 2024
  • Post category:news
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The USD/CAD pair had a sharp rise in October. Inflation in Canada has eased significantly, increasing interest rate cut bets in a big way. Oil rose on an improving demand…

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Read more about the article USD/JPY Price Analysis: Trump Victory Bets Drive Dollar Higher

USD/JPY Price Analysis: Trump Victory Bets Drive Dollar Higher

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  • Post published:October 22, 2024
  • Post category:news
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The dollar was trading near over 2-month highs against its peers. Traders are pricing in an 89% chance of a 25 bps Fed rate cut in November. Economists expect the…

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Read more about the article GBP/USD Outlook: Sterling Recovers Ahead of BoE Speech

GBP/USD Outlook: Sterling Recovers Ahead of BoE Speech

  • Post author:admin
  • Post published:October 22, 2024
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The governor of the Bank of England could give hints about future policy moves. The dollar was steady as traders appreciated a less aggressive Fed easing cycle. Bets on the…

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Read more about the article USD/CAD Outlook: Loonie Slips as Rate Cut Bets Build

USD/CAD Outlook: Loonie Slips as Rate Cut Bets Build

  • Post author:admin
  • Post published:October 21, 2024
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Data last week raised expectations for a huge BoC rate cut. Oil has recently fallen due to tensions in the Middle East. The dollar rallied on Monday as market participants…

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Read more about the article AUD/USD Forecast: Dollar Rebounds as US Election Looms

AUD/USD Forecast: Dollar Rebounds as US Election Looms

  • Post author:admin
  • Post published:October 21, 2024
  • Post category:news
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China has launched financing schemes to support its stock market. Treasury yields rose as bets on a Trump victory rose. Markets estimate a 26% chance of an RBA rate cut…

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Read more about the article GBP/USD Weekly Forecast: UK Economy Shows Resilience

GBP/USD Weekly Forecast: UK Economy Shows Resilience

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  • Post published:October 20, 2024
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Retail sales in the US and UK were above expectations. Inflation in the UK eased more than expected to 1.7%. The dollar strengthened as markets increasingly bet on a Trump…

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Read more about the article USD/CAD Weekly Forecast: Traders Brace for a Major BoC Cut

USD/CAD Weekly Forecast: Traders Brace for a Major BoC Cut

  • Post author:admin
  • Post published:October 19, 2024
  • Post category:news
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The dollar strengthened amid increased bets on a Trump presidency. Data from the US showed an unexpected jump in retail sales. Traders expect the Bank of Canada to implement a…

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