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Read more about the article USD/CAD Forecast: Falling BoC Rate Cut Bets Boost CAD

USD/CAD Forecast: Falling BoC Rate Cut Bets Boost CAD

  • Post author:admin
  • Post published:June 27, 2024
  • Post category:news
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The Canadian dollar has fallen since Tuesday despite an unexpected jump in Canadian inflation. Inflation in Canada rose at an annual rate of 2.9% in May. The dollar strengthened on…

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Read more about the article EUR/USD Outlook: Dollar Remains Strong Amid Yen’s Decline

EUR/USD Outlook: Dollar Remains Strong Amid Yen’s Decline

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  • Post published:June 27, 2024
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On Wednesday, the yen fell to a 38-year low. Investors remained cautious ahead of the French elections. Policymakers remain confident that inflation in the eurozone will reach the 2% target.…

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Read more about the article USD/JPY Forecast: Dollar Surges to Critical $160.00 Level

USD/JPY Forecast: Dollar Surges to Critical $160.00 Level

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  • Post published:June 26, 2024
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The dollar rose on Tuesday after Fed policymakers maintained a cautious tone. Lisa Cook's Fed rate cut would depend on incoming data. The BoJ is under heavy pressure to raise…

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Read more about the article AUD/USD Price Analysis: Aussie Rallies on Inflation Surge

AUD/USD Price Analysis: Aussie Rallies on Inflation Surge

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  • Post published:June 26, 2024
  • Post category:news
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Inflation in Australia rose at an annual rate of 4.0% in May. The probability of an RBA rate hike in November has risen to 60%. Markets are eagerly awaiting the…

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Read more about the article EUR/USD Price Analysis: Euro Steadies as French Elections Loom

EUR/USD Price Analysis: Euro Steadies as French Elections Loom

  • Post author:admin
  • Post published:June 25, 2024
  • Post category:news
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The dollar fell ahead of more inflation data from the US. The euro could end the month with a loss of 1%. Markets will pay attention to Thursday's presidential debate.…

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Read more about the article USD/CAD Outlook: BoC’s Economic Optimism Drives CAD Higher

USD/CAD Outlook: BoC’s Economic Optimism Drives CAD Higher

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  • Post published:June 25, 2024
  • Post category:news
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BoC Governor Tiff Macklem said the economy could grow as inflation eases. Traders have a 72% chance of another Bank of Canada cut in July. Economists expect data from the…

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Read more about the article GBP/USD Outlook: Minor Gains Amid Positive UK Retail Data

GBP/USD Outlook: Minor Gains Amid Positive UK Retail Data

  • Post author:admin
  • Post published:June 24, 2024
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Economists believe that a rate cut in the UK is imminent. UK sales rose 2.9% in May after falling 1.8% in April. Market participants await the US PCE price index…

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Read more about the article USD/JPY Forecast: Sparking Intervention Worries Near 160.00

USD/JPY Forecast: Sparking Intervention Worries Near 160.00

  • Post author:admin
  • Post published:June 24, 2024
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The yen lost 1.4% against the dollar in June. The Bank of Japan has refrained from raising interest rates further due to weak economic demand. Investors are gearing up for…

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Read more about the article AUD/USD Weekly Forecast: Aussie Gains Amid Hawkish RBA

AUD/USD Weekly Forecast: Aussie Gains Amid Hawkish RBA

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  • Post published:June 23, 2024
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The Reserve Bank of Australia kept rates on hold but discussed the possibility of a hike. The US released data showing weaker-than-expected retail sales. Business activity data revealed stronger-than-expected expansion…

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Read more about the article USD/CAD Weekly Forecast: Markets Hold Bets For Sep Fed Cut

USD/CAD Weekly Forecast: Markets Hold Bets For Sep Fed Cut

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  • Post published:June 22, 2024
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US retail sales were weaker than expected, pointing to lower consumer spending. US continuous claims hit new highs, pointing to increased unemployment. Canada will release data on inflation and GDP,…

Continue ReadingUSD/CAD Weekly Forecast: Markets Hold Bets For Sep Fed Cut
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