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Read more about the article USD/CAD Outlook: Loonie Strengthens Following Oil Price Surge

USD/CAD Outlook: Loonie Strengthens Following Oil Price Surge

  • Post author:admin
  • Post published:March 14, 2024
  • Post category:news
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The Canadian dollar strengthened after a huge jump in oil prices on Wednesday. The EIA reported a stronger-than-expected increase in crude oil inventories last week. Traders await US data on…

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Read more about the article USD/CAD Price Analysis: Strengthens Following Upbeat CPI

USD/CAD Price Analysis: Strengthens Following Upbeat CPI

  • Post author:admin
  • Post published:March 13, 2024
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The dollar strengthened on Tuesday after US inflation data beat forecasts. Annual inflation in the US increased by 3.2%. Oil fell on Tuesday following a forecast of higher-than-expected US oil…

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Read more about the article EUR/USD Price May Plummet as US Reports a Warm Inflation

EUR/USD Price May Plummet as US Reports a Warm Inflation

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  • Post published:March 13, 2024
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A new lower low triggers more dips. The midline (ml) is viewed as a potential target. Tomorrow US data should bring big action. EUR/USD is trading in the red at…

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Read more about the article USD/JPY Forecast: Dollar Holds Firm After Inflation, Yen Weakens

USD/JPY Forecast: Dollar Holds Firm After Inflation, Yen Weakens

  • Post author:admin
  • Post published:March 13, 2024
  • Post category:news
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The US released an inflation report showing a higher-than-expected annual rate. Toyota has announced the largest wage increase for its workers in the last 25 years. Ueda said the Japanese…

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Read more about the article Gold Price Shows Overbought Signs Ahead of US CPI

Gold Price Shows Overbought Signs Ahead of US CPI

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  • Post published:March 12, 2024
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KSAU/USD broke out of the upward channel, signaling an overbought situation. Removing a pivot point activates more drop. US inflation data should shake up markets. The price of gold rose…

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Read more about the article GBP/USD Price Analysis: BoE Cut Odds Rise After Weak UK Data

GBP/USD Price Analysis: BoE Cut Odds Rise After Weak UK Data

  • Post author:admin
  • Post published:March 12, 2024
  • Post category:news
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British wages minus bonuses rose much more slowly than expected. Investors expect a bigger cut of 74 basis points by the BoE this year. Investors are getting ready to receive…

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Read more about the article EUR/USD Outlook: Stable Above 1.09 as Markets Await US CPI

EUR/USD Outlook: Stable Above 1.09 as Markets Await US CPI

  • Post author:admin
  • Post published:March 12, 2024
  • Post category:news
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Economists expect a monthly increase in US consumer inflation of 0.3%. Friday's data revealed a softer US labor market. Markets are expecting the ECB's first rate cut in June. The…

Continue ReadingEUR/USD Outlook: Stable Above 1.09 as Markets Await US CPI
Read more about the article GBP/USD Price Corrects Gains After Mixed US NFP Data

GBP/USD Price Corrects Gains After Mixed US NFP Data

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  • Post published:March 11, 2024
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Bias remains bullish despite temporary pullbacks. US inflation should move markets tomorrow. Failure to stay above the upper middle line signaled exhausted buyers. GBP/USD turned lower after reaching a high…

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Read more about the article USD/JPY Forecast: Yen Bullish on BoJ Policy Reversal Prospects

USD/JPY Forecast: Yen Bullish on BoJ Policy Reversal Prospects

  • Post author:admin
  • Post published:March 11, 2024
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Japan's conditions are aligned for the Bank of Japan to start raising interest rates. Policy makers expect significant wage increases in Japan. The probability of a Fed rate cut in…

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Read more about the article USD/CAD Outlook: Markets Assess Canada’s Upbeat Jobs Report

USD/CAD Outlook: Markets Assess Canada’s Upbeat Jobs Report

  • Post author:admin
  • Post published:March 11, 2024
  • Post category:news
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The number of jobs in Canada rose more than expected in February. The US unemployment rate rose to 3.9% compared to expectations of 3.7%. Oil fell on Friday and ended…

Continue ReadingUSD/CAD Outlook: Markets Assess Canada’s Upbeat Jobs Report
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