The US NFP report showed stronger-than-expected job growth. Powell dashed hopes for a massive rate cut. The dollar gained from safe-haven demand as tensions in the Middle East escalated. The USD/CAD weekly forecast favors more upside as the likelihood of an aggressive Fed easing cycle drops after strong NFP data. Ups and downs of USD/CAD...
US service PMI data came in at 54.9, well above the forecast of 51.7. Market participants are pricing a 65% chance of a 25-bps rate cut in November. Canada’s services PMI fell from 47.8 to 46.4 in August. The USD/CAD price analysis shows bulls charging ahead as the dollar firms after upbeat US business activity...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts