Canadian Dollar Price Forecast: USD/CAD v/s CAD/JPY for CAD Strength
The Canadian Dollar has been really strong of late and the US Dollar is very much in the spotlight for this week. CAD/JPY remains interesting for bullish CAD approaches.
The Canadian Dollar has been really strong of late and the US Dollar is very much in the spotlight for this week. CAD/JPY remains interesting for bullish CAD approaches.
Copper prices continue to oscillate around trendline support as market participants continue to gauge the longer-run impact of China’s recent slowdown.
Russell 2000 charges higher and sets a new all-time high, supported by improving U.S. economic data and signs that the Fed will not rush to raise interest rates despite elevated inflation.
The Federal Reserve announced a start to tapering asset purchases at today’s rate decision, a move that was well-telegraphed ahead of time.
USD/JPY may attempt to break out of a bull flag formation if the Federal Reserve starts to scale back monetary support.
US ISM data for the services sector showed a massively improved economic environment. Prices continue to rise but employment lags
Bullion has slipped of recent on the back of an expectant hawkish Fed. Specifics around the Fed’s announcement later today should prompt XAU/USD to confirm a bullish/bearish bias either side of $1800.
Bank of England rate hike a close call. Aggressive market pricing raises bar to surprise on the hawkish side.
Oil prices give back a portion of their recent gains as inventories rise according to the API report. FOMC and OPEC+ remain at the forefront of risk sentiment for now.
The US Dollar is hovering near its peak as investors await Fed’s views on market conditions