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...
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...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts