CAD Price Forecast: Loonie Flirts With Key Support
USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.
USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.
Gold is pushing gently higher and testing old resistance levels ahead of the last major data release of the year, US PCE. Will a benign number give gold another push higher?
Outlook on FTSE 100, DAX 40 and S&P 500 as UK inflations surprises to the downside.
GBP prices weakened as UK inflation showed a drastic decline that could lead to the BoE cutting rates earlier than expected.
Gold enjoyed a rally toward the $2050/Oz mark before facing some selling pressure as Fed rate cut expectations continue to sway back and forth. PCE data later in the week could prove key to where Gold prices end the week.
This article focuses on the outlook for the U.S. dollar and analyzes the technical profile for major FX pairs such as EUR/USD, USD/JPY and GBP/USD.
A concerted effort by various Fed officials over the past few days to dampen market expectations of multiple rate cuts in 2024 is not having the desired effect at the moment.
US indices continue to consolidate, but the Bank of Japan’s (BoJ) decision to leave policy unchanged has given the Nikkei 225 a boost.
BoJ holds out on rate change as unconvincing inflation and wage growth data fail to move the needle. Q1 wage negotiations will be key, as will inflation. JPY down, Nikkei up
Australian Dollar is in a good place fundamentally to continue its recent gains against the Greenback. The technical picture however hints at a brief retracement before bullish continuation.