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USD/CAD Outlook: Oil Slump Gathers Buying Traction
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...
AUD/USD Outlook: Dollar Reverses on Dovish Fed Outlook
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....
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
