Saudi Arabia plans to increase production after abandoning its $100 price target for oil. Market participants are focused on Canada’s GDP data. Initial US unemployment claims fell to 218,000, below forecasts of 225,000. The USD/CAD outlook shows a recovery from lows hit earlier in the week. The Canadian dollar fell as oil prices declined, while...
Initially, the greenback rallied due to escalating Middle East tensions. Markets are pricing a higher 59% chance of a massive November Fed cut. All eyes are on the US core PCE price index, due on Friday. The AUD/USD outlook indicates increased bullish optimism as the dollar loses ground due to increased Fed rate cut expectations....
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts