US President Donald Trump announced the start of tariffs on Canada. Trump’s tariffs will pressure the Bank of Canada to cut interest rates. Canada’s economy contracted by 0.2%. The USD/CAD outlook indicates a looming trade war between the US and Canada after Trump implemented a 25% tariff on Canadian goods. At the same time, Canada’s...
Trump announced heavy tariffs on Canada, Mexico, and China starting Feb 4th. Traders slashed expectations for Fed rate cuts this year. Market participants are looking forward to a BoE rate cut this week. The GBP/USD forecast shows a surging dollar after Trump announced tariffs that will likely cause trade wars. On the other hand, the...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts