USD/CAD Forecast: Pair Retreats After Reaching New Peaks
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…