Divergence
USD/CAD Outlook: Bullish as BoC-Fed Divergence Widens – Beragampengetahuan
Headline US inflation rose 0.4% monthly and 3.5% on an annual basis. Investors now expect the first Fed cut in September. Governor Tiff Macklem said that the BoC will likely cut rates in June. The USD/CAD outlook shines brighter with bullish prospects as the outlook for rate cuts between Canada and the US continues to […]
USD/CAD Weekly Forecast: BoC-Fed Divergence Favors Bears – Beragampengetahuan
The Canadian economy experienced its third consecutive month of sluggish performance. Canada’s annual inflation rate stayed at 3.1% in November. US prices experienced their first decline in over 3 1/2 years in November. The outlook takes a bearish turn in the USD/CAD weekly forecast as the Bank of Canada urges caution, deeming it premature to […]
Divergence Continues to Underpin the Greenback – Beragampengetahuan
Overview: The divergence reflected in the flash PMI readings seen yesterday underpinned the dollar, which is firmer in mostly quiet turnover. The initial Australian dollar gains scored in response to the slightly less decline in Q3 CPI have been unwound. The greenback also remains within striking distance of JPY150 where there are still some large options […]