The dollar recovered as investors sought safety amid rising Middle East tensions. Market participants are pricing a 59% chance of another 50-bps rate cut in November. Sterling has gained about 5.4% against the dollar this year. The GBP/USD forecast shows a sudden shift in sentiment to bearish as the dollar recovers from a 14-month low....
The People’s Bank of China announced plans to cut lending costs by 50-bps. Bank of Canada governor Tiff Macklem delivered a dovish speech. The dollar fell after data showed weaker-than-expected consumer confidence. The USD/CAD forecast shows a new low for the pair this year after the loonie soared on improved risk sentiment. On Tuesday, China...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts