USD/CAD Outlook: Finding Bottom at 3-Month Lows
The dollar recovered from a three-month low. Data indicating faster than expected growth in the US economy. The BoC revealed skepticism about the benefits of a potential digital currency. As…
The dollar recovered from a three-month low. Data indicating faster than expected growth in the US economy. The BoC revealed skepticism about the benefits of a potential digital currency. As…
Core consumer price inflation in Japan rose slightly in October. BOJ may soon withdraw monetary stimulus due to persistent inflation. The dollar was generally weak as investors held onto the…
British companies reported unexpected growth in November. The dollar is headed for a monthly loss of over 3%. Market prices indicate a 23% chance that the Fed will cut rates…
A modest increase in the activity of the service sector neutralized the contraction in production. The dollar is set for its weakest monthly performance of the year. The data confirmed…
The bias remains bullish as long as it is above the 150% line. A new higher high activates further growth. US data could trigger action on KSAU/USD. The price of…
The bias remains bullish as the dollar index is bearish. A new higher high activates further growth. US CB consumer confidence should be decisive. EUR/USD is trading in the green…
The Federal Reserve could start cutting interest rates by the first half of next year. The euro strengthened by around 3.4%, which is its most significant monthly growth of the…
Investors expect a quick transition to a rate cut in the US in 2024. Sterling is up almost 4% against the dollar this month. On Monday, Sunak revealed 29.5 billion…
In October, there was a drop in inflation in Australia. Australians have benefited from a weakening greenback. Financial markets expect the RBA to keep rates unchanged in December. In Wednesday's…
The Fed's Waller suggested the possibility of rate cuts in the coming months. The dollar fell more than 0.5% to 146.675 yen, its weakest point in more than two months.…