The Bank of Japan kept rates unchanged on Thursday. Japan’s ruling party lost its majority seats. The US dollar paused its rally before the nonfarm payrolls report. The USD/JPY outlook has turned slightly bearish due to an absence of dovish remarks at the Bank of Japan policy meeting. At the same time, the greenback lost... The post USD/JPY Outlook:...
The Bank of Canada will likely remain aggressively dovish. Rising oil prices supported the loonie. The economy expanded by 2.8% in the third quarter. The USD/CAD forecast points to further weakness for the Canadian dollar amid an aggressively dovish Bank of Canada. Meanwhile, the dollar eased slightly after data showed weaker-than-expected US economic...
US job vacancies fell to 7.44 million, missing estimates of 7.98 million. US consumer confidence jumped to 108.7, well above forecasts of 99.5. The upcoming US presidential election is causing uncertainty. The EUR/USD forecast shows a return of bullish momentum after a long decline. The greenback eased after employment figures in the previous session...
Inflation in Australia eased to an over 3-year low in the third quarter. RBA rate cut bets fell to reflect a 24% likelihood of a cut in December. US consumer confidence rose more than expected. The AUD/USD price analysis supports a downtrend as easing price pressures in Australia put downward pressure on the Aussie. However,... The post AUD/USD Price...
Oil price recovered on Tuesday after a 6% decline in the previous session. The US announced plans to buy about 3 million barrels of oil. The US will release figures on employment and GDP. The USD/CAD price analysis suggests a rebound in the Canadian dollar as oil prices rise. However, the loonie has had a... The post USD/CAD Price Analysis: CAD Strengthens...
The dollar eased slightly on Tuesday as traders awaited crucial data. The US economy might expand by 3.0% in Q3. Economists expect the nonfarm payrolls report to show an addition of 111,000 jobs in October. The GBP/USD outlook shows a pause in the decline as market participants await key US economic data and the US... The post GBP/USD Outlook: Eyes...