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USD/CAD Weekly Forecast: BoC Poised for Early Rate Cut
Upbeat consumer confidence data from the US sent the dollar soaring. Canada’s GDP fell from 0.2% to 0.0% on a monthly basis. Markets are pricing a 60% chance of a rate cut in Canada on coming Wednesday. The USD/CAD weekly forecast shows more downside potential as there is a high chance that the Bank of...
GBP/USD Price Analysis: Dollar Rises in Wake of Inflation Data
Investors are awaiting the US core PCE price index report for more clues on Fed policy. US GDP data came in lower than expected at 1.3% in Q1. Markets expect only 27 basis points of BoE rate cuts this year. The GBP/USD price analysis shows bears in the lead as the dollar strengthens ahead of...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
