USD/CAD Outlook: Pair Holds Steady on a Public Holiday
An unexpected drop in US producer prices sent Treasury yields down. There is a 78% chance that the US central bank will start cutting interest rates in March. The currency…
An unexpected drop in US producer prices sent Treasury yields down. There is a 78% chance that the US central bank will start cutting interest rates in March. The currency…
Inflation in Australia fell sharply in November. US consumer inflation was higher than expected. The data showed a fall in producer inflation in the US. Expect a downward trajectory in…
US consumer inflation data was higher than expected. There was a slight improvement in the UK GDP numbers. Capital Economics predicted a potential drop in UK inflation to 1.7% in…
Oil rose after the US and UK announced air and naval strikes on Houthi military targets in Yemen. US consumer prices rose in December, up 0.3% for the month. Traders…
US consumer prices rose 0.3% for the month and posted a 3.4% annual gain. Traders believe the BoE's benchmark rate will decline rapidly this year. Recent data points to a…
The bias remains bullish as long as it is above the 50% Fibonacci line. PPI and Core PPI should move rate today. After the last rally, the retreat was natural.…
Futures indicate the market expects a cut of 140 basis points (bps) this year. Real wages for Japanese workers fell again in November. Consumer inflation in Tokyo fell further. The…
The bias remains bullish as long as it is above the median line (ml). Higher inflation should boost the dollar. A new higher high activates further growth. USD/CAD is trading…
Economists believe that inflation will slow down in December. The Fed could start cutting interest rates as early as March. The Eurozone may have experienced a recession in the last…
Australia's consumer price index rose in November at an annual rate of 4.3%. Soft inflation has strengthened the belief that there will be no need for further interest rate increases.…