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USD/CAD Price Analysis: CPI-led Rally Fades Below 1.3800
Canada’s annual inflation eased more than expected to 1.6% in September. Market participants raised the likelihood of a 50-bps rate cut from 50% to 74%. Traders are awaiting the US retail sales report for more insight into the economy’s health. The USD/CAD price analysis shows a slight retreat, with fundamentals supporting further upside. The Canadian...
GBP/USD Price Analysis: Sterling Gains Despite Downbeat Data
Average weekly earnings in the UK met forecasts at 4.9%. Market participants maintained the chances of a November BoE rate cut at 80%. The greenback remained firm due to a shift in tone among Fed officials. The GBP/USD price analysis shows little change, as the pound remains within its tight range. UK employment figures failed...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
