Tag: Canadian Dollar
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FX weekly forecast: Federal Reserve decision to bolster the US dollar? Weekly Forecast
December 16 2024What’s happening this week - Hawkish Federal Reserve rate cut likely to boost USD - BoE rate decision may infuse volatility in GBP - Decline in … read more
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Pound slumps following shock contraction in UK GDP Daily Update
Pound (GBP) pressured by GDP disappointment The pound (GBP) closed last week’s session on the back foot, coming under significant selling pressure … read more
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Euro mixed despite ECB rate cut Daily Update
December 13 2024Pound (GBP) softens in absence of data The pound (GBP) struggled yesterday as a lull in UK economic data left the British currency lacking … read more
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Euro risks sliding to multi-month lows on dovish ECB rate decision Daily Update
December 12 2024Pound (GBP) muted in quiet trade The pound (GBP) remained directionless on Wednesday, as a dearth of UK economic data left investors with little … read more
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US dollar rises ahead of US inflation figures Daily Update
December 11 2024Pound (GBP) holds firm despite lack of data The pound (GBP) rose against its weaker rivals yesterday and suffered only limited losses elsewhere, … read more
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US dollar stumbles amid risk-on mood Daily Update
December 10 2024Pound (GBP) directionless amid lack of data The pound (GBP) was mixed yesterday as a lack of UK data left the currency trading without a clear … read more
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FX weekly forecast: Euro to test new lows on dovish ECB rate cut? Weekly Forecast
December 9 2024Pound (GBP) The publication of the UK’s latest GDP figures may act as a tailwind for the pound (GBP) this week if they report that the UK economy … read more
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US dollar rebounds after payrolls beat forecasts Daily Update
Pound (GBP) rises despite dovish BoE comments The pound (GBP) rose against its weaker rivals on Friday, with GBP brushing off comments from Bank of … read more
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US dollar stumbles as jobless claims rise Daily Update
December 6 2024Pound (GBP) buoyed despite lack of data The pound (GBP) managed to gain ground against many of its peers yesterday, despite a lack of UK economic … read more
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US dollar retreats on lacklustre data Daily Update
December 5 2024Pound (GBP) steady as UK services PMI revised up The pound (GBP) remained rangebound yesterday, supported by an upward revision to the UK’s … read more