USD/CAD Forecast: Rate Cut Bets Surge Ahead of US CPI
Analysts expect headline US inflation to slow to 0.3% in March. The probability of a Fed tapering in June rose to 58%. Traders were preparing for the Bank of Canada's…
Analysts expect headline US inflation to slow to 0.3% in March. The probability of a Fed tapering in June rose to 58%. Traders were preparing for the Bank of Canada's…
The price of gold remains bullish as long as it is above 2,338. US data should show sharp developments. Only a new higher high activates further growth. The price of…
The US will release inflation data later today. Data from Great Britain showed slower growth in the starting wages of permanent workers in March. UK and US monetary policies are…
US Treasury yields rose as expectations for interest rate cuts fell. The probability of a Fed rate cut in June has dropped to around 54%. Japanese Finance Minister Shunichi Suzuki…
The bias remains bullish, so further upside is natural. Removing the resistance level activates further growth. American data should bring sharp developments tomorrow. The EUR/USD price is struggling hard to…
Business conditions in Australia were little changed in March. Investors have scaled back Fed rate cut expectations since the March jobs report. Economists expect a decline in US inflation in…
The USD/CHF pair appears to be overbought after failing to hit the upper middle line. Fundamentals could change the mood on Wednesday. The failure to take out the 0.9 psychological…
Data revealed that the Canadian economy unexpectedly shed 2,200 jobs in March. The US added an impressive 303,000 jobs in March. Fundamentals support further upside for the USD/CAD pair. The…
The dollar rose on Friday on a positive jobs report. The US reported an additional 303,000 jobs in March and a drop in the unemployment rate. The European Central Bank…
Fed policymakers played down expectations for a June rate cut. The US NFP report showed strong demand in the labor market. Canada released a dismal employment report. A closer look…