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