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Read more about the article USD/CAD Outlook: Middle East Tensions Lift Oil Price, Loonie

USD/CAD Outlook: Middle East Tensions Lift Oil Price, Loonie

  • Post author:admin
  • Post published:January 29, 2024
  • Post category:news
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The Canadian dollar benefited from higher oil prices. USD/CAD posted a weekly gain due to the Bank of Canada's recent policy change The Fed will announce its interest rate decision…

Continue ReadingUSD/CAD Outlook: Middle East Tensions Lift Oil Price, Loonie
Read more about the article EUR/USD Forecast: Firm Dollar Casting Shadows Ahead of FOMC

EUR/USD Forecast: Firm Dollar Casting Shadows Ahead of FOMC

  • Post author:admin
  • Post published:January 29, 2024
  • Post category:news
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Increased geopolitical tensions in the Middle East dampened risk appetite. Recent data points to a moderate increase in prices in the US for December. The US Federal Reserve is likely…

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Read more about the article AUD/USD Weekly Forecast: US Economy Shows Resilience

AUD/USD Weekly Forecast: US Economy Shows Resilience

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  • Post published:January 27, 2024
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Data on business activity showed expansion in the manufacturing and service sectors in the US. US GDP data was higher than expected. Australia will release consumer inflation data next week.…

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Read more about the article GBP/USD Weekly Forecast: US-UK Economies Display Resilience

GBP/USD Weekly Forecast: US-UK Economies Display Resilience

  • Post author:admin
  • Post published:January 27, 2024
  • Post category:news
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Traders backed off bets on a rate cut in the UK and US. US GDP data came in higher than expected, indicating strong economic performance. Market participants expect the BoE…

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Read more about the article Recovering to 1.2750 Ahead of US PCE

Recovering to 1.2750 Ahead of US PCE

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  • Post published:January 26, 2024
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The pound rallied ahead of key US inflation data later in the day. The US economy beat forecasts in the fourth quarter, with growth of 3.3%. The pound remains steady…

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Read more about the article USD/CAD Price Targeting New Lows, Core PCE Price Index Eyed

USD/CAD Price Targeting New Lows, Core PCE Price Index Eyed

  • Post author:admin
  • Post published:January 26, 2024
  • Post category:news
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The middle line could attract the USD/CAD pair. US economic data should be decisive today. Removing the middle line activates more declines. USD/CAD is trading in the red at 1.3450…

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Read more about the article EUR/USD Outlook: Traders Bet on ECB Rate Cut in April

EUR/USD Outlook: Traders Bet on ECB Rate Cut in April

  • Post author:admin
  • Post published:January 26, 2024
  • Post category:news
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Traders raised expectations of an ECB rate cut in April. The dollar was flat on Friday as traders weighed the impact of unexpectedly strong economic growth data. The dollar is…

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Read more about the article USD/JPY Price Exhausted Below 148.00, Eyes on US GDP

USD/JPY Price Exhausted Below 148.00, Eyes on US GDP

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  • Post published:January 25, 2024
  • Post category:news
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The rebound could only be temporary. A return below the pivot point indicates further declines. ECB and US figures should move the course today. The price of USD/JPI turned higher…

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Read more about the article EUR/USD Outlook: Euro Recovers as ECB Policy Meeting Looms

EUR/USD Outlook: Euro Recovers as ECB Policy Meeting Looms

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  • Post published:January 25, 2024
  • Post category:news
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Investors eagerly awaited the US GDP report. The ECB is likely to keep rates steady. Markets are currently pointing to a 43% probability of a Fed rate cut in March,…

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Read more about the article USD/CAD Forecast: Dollar Holds Near 6-Week High Ahead of GDP

USD/CAD Forecast: Dollar Holds Near 6-Week High Ahead of GDP

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  • Post published:January 25, 2024
  • Post category:news
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Fourth-quarter US gross domestic product is likely to reveal a 2% year-over-year increase. The Bank of Canada kept its key overnight rate at 5% on Wednesday. Money markets are fully…

Continue ReadingUSD/CAD Forecast: Dollar Holds Near 6-Week High Ahead of GDP
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