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Read more about the article USD/CAD Outlook: CAD Strengthens Amid Rising Oil Prices

USD/CAD Outlook: CAD Strengthens Amid Rising Oil Prices

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  • Post published:August 27, 2024
  • Post category:news
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The Canadian dollar traded near a 5-month high against the US dollar as oil prices rose. Rail operators in Canada have restored service, reducing risks to the economy. The US…

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Read more about the article USD/JPY Price Analysis: Safe-Haven Demand Lifts Dollar

USD/JPY Price Analysis: Safe-Haven Demand Lifts Dollar

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  • Post published:August 27, 2024
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The US dollar recovered from the previous session as Israel and Hezbollah exchanged missiles. The Fed chair opened the door to a rate cut in September. BoJ Governor Kazuo Ueda…

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Read more about the article GBP/USD Forecast: Tests 2.5-yr Top After Powell Remarks

GBP/USD Forecast: Tests 2.5-yr Top After Powell Remarks

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  • Post published:August 26, 2024
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Fed policymakers are poised to begin reducing borrowing costs. Investors have increased the likelihood of a 50 bps Fed rate cut. The Central Bank of Great Britain will not rush…

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Read more about the article USD/JPY Outlook: Powell’s Dovish Remarks Send Dollar Tumbling

USD/JPY Outlook: Powell’s Dovish Remarks Send Dollar Tumbling

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  • Post published:August 26, 2024
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High interest rates could lead to new cracks in the US labor market. US inflation is likely to sustainably reach the 2% target. The BoJ will continue to tighten monetary…

Continue ReadingUSD/JPY Outlook: Powell’s Dovish Remarks Send Dollar Tumbling
Read more about the article USD/CAD Weekly Forecast: Loonie Rises as US Dollar Slips

USD/CAD Weekly Forecast: Loonie Rises as US Dollar Slips

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  • Post published:August 25, 2024
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Minutes from Wednesday's FOMC meeting revealed that policymakers are poised to cut rates in September. US business activity fell in August. Powell's speech confirmed the September rate cut and sank…

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Read more about the article AUD/USD Weekly Forecast: Powell’s Remarks Weaken Dollar

AUD/USD Weekly Forecast: Powell’s Remarks Weaken Dollar

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  • Post published:August 24, 2024
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US business activity fell in August as the manufacturing sector shrank. Powell confirmed that the Fed is likely to cut rates in September. Next week, investors will focus on US…

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Read more about the article USD/JPY Outlook: Ueda’s Hawkish Stance Lifts Yen

USD/JPY Outlook: Ueda’s Hawkish Stance Lifts Yen

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  • Post published:August 23, 2024
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The BoJ's Ueda reaffirmed his commitment to raising rates if inflation rises sustainably. Economists believe that Japan's central bank will raise rates once again before the end of the year.…

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Read more about the article GBP/USD Price Analysis: Refreshes YTD Highs Amid Upbeat PMIs

GBP/USD Price Analysis: Refreshes YTD Highs Amid Upbeat PMIs

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  • Post published:August 23, 2024
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Britain's flash composite PMI revealed an increase from 52.8 to 53.4 in August. The pound rose 2% in August as the dollar weakened. Markets await Powell's speech later in the…

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Read more about the article USD/CAD Forecast: Greenback Falters Post-Dovish Fed Min

USD/CAD Forecast: Greenback Falters Post-Dovish Fed Min

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  • Post published:August 22, 2024
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Markets are fully pricing in a September Fed rate cut of 25 basis points following the minutes of the FOMC meeting. Oil prices fell on Wednesday amid growing concerns about…

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Read more about the article EUR/USD Outlook: Dollar Weakens, Euro Ranges on Mixed Data

EUR/USD Outlook: Dollar Weakens, Euro Ranges on Mixed Data

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  • Post published:August 22, 2024
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The dollar fell after Fed minutes confirmed expectations of a September Fed rate cut. Eurozone business activity strengthened in August. Agreed wage growth in the eurozone moderated in the second…

Continue ReadingEUR/USD Outlook: Dollar Weakens, Euro Ranges on Mixed Data
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