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USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI
Canada’s inflation fell by 0.2% monthly, surprising economists who had forecast no change. Data revealed that US retail sales unexpectedly increased by 0.1%. The likelihood of a 50-bps Fed rate cut remains high at 63%. The USD/CAD price analysis shows mild bullish momentum as the Canadian dollar remains fragile after softer-than-expected inflation data. At the...
GBP/USD Price Analysis: Fed’s 50-bps Rate Cut Bets Surge
The greenback was on the back foot as traders positioned themselves ahead of the FOMC policy meeting. Economists predict a 0.2% decline in US retail sales. Forecasts show that UK consumer inflation might hold at 2.2%. The GBP/USD price analysis indicates continued strength as the pound climbs to new highs while the dollar falls due...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
