USD/CAD Weekly Forecast: Fed Cut and Oil Rally Trigger Bears
Expectations of a Fed rate cut put pressure on the dollar. The Canadian dollar had a strong week as oil prices rose. Investors await US inflation data. The USD/CAD weekly…
Expectations of a Fed rate cut put pressure on the dollar. The Canadian dollar had a strong week as oil prices rose. Investors await US inflation data. The USD/CAD weekly…
US service sector PMI data showed expansion. US jobless claims fell, pointing to a still tight labor market. The pound fell as markets mulled the Bank of England's first interest…
The BoE implemented its first rate cut last week. Core inflation in the UK remains high. Recession fears in the US eased after upbeat employment data. GBP/USD price analysis shows…
US jobless claims fell to 233,000. Despite signs of weakness, the US labor market remains resilient. BoJ minutes on Thursday showed a hawkish tone among policymakers. USD/JPI outlook tilts bullish…
RBA Governor Michelle Bullock said the central bank will not hesitate to raise interest rates. The probability of an RBA rate cut in November fell to 46%. The US dollar…
Weakness in the US labor market will increase the urgency of the Fed's rate cuts. Investors will now await next week's US CPI report. The Canadian dollar strengthened as oil…
BoJ Deputy Governor Shinichi Uchida said the central bank should pause due to recent volatility in global markets. The US dollar stabilized as expectations of a Fed rate cut eased…
Data from Canada revealed an unexpected trade surplus of C$638 million in June. Canadian services PMI rose from 47.1 to 47.3 in July. Oil prices rose on Wednesday as the…
The RBA kept interest rates unchanged on Tuesday and reduced hopes of a cut this year. The probability of an RBA rate cut in November fell from 88% to 55%.…
Investors were panicking on Monday that the US economy was headed for recession. The ISM reported that the services PMI rose from 48.8 in June to 51.4 in July. Markets…