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US Dollar Forecast: USD/CAD Rally Eyes September High
USD/CAD stages a four-day rally as it extends the advance following the better-than-expected US Non-Farm Payrolls (NFP) report, but the exchange rate may track the negative slope in the 50-Day SMA (1.3606) if it struggles to close above the moving average. USD/CAD continues to carve a series of higher highs and lows as the NFP report showed the US adding 254K jobs in September versus forecasts for a 140K print, and the exchange rate may continue to register fresh monthly highs as the ongoing expansion in employment curbs speculation for another 50bp Federal Reserve rate cut. Join David Song for the Weekly Fundamental ... (full story)
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From channelnewsasia.com|Oct 7, 2024|1 commentThe U.S. dollar hovered near a seven-week high on Monday as investors reassessed their positions following Friday's strong U.S. jobs data and amid rising tensions in the Middle ...
From cnbc.com|Oct 7, 2024|1 commentThere is no case for more 50-basis-point rate cuts by the Federal Reserve, veteran market strategists told CNBC, saying the latest U.S. jobs data implies the central bank might ...
From bnnbloomberg.ca|Oct 7, 2024Germany’s economic trajectory leaves much to be desired, according to Finance Minister Christian Lindner. “The German economy is treading water — we cannot be satisfied,” the ...
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From @cablefxmacro|Oct 7, 2024post:
*KASHKARI: BALANCE OF RISKS HAS SHIFTED TOWARD UNEMPLOYMENT post: FED'S KASHKARI: THE LABOR MARKET IS STILL LOOKS STRONG, WE WANT TO KEEP IT THAT WAY. post: Fed’s Kashkari: Have A Lot Of Confidence Inflation Is On Its Way Back To 2% Goal - Reduction New Rents Gives Confidence Housing Inflation Will Decline
From actionforex.com|Oct 7, 2024The Reserve Bank of New Zealand is poised to make another rate cut on Wednesday. The RBNZ is expected to follow the Federal Reserve with a half-point cut, as the pressure to ...
From @financialjuice|Oct 7, 2024|3 commentspost: FED'S KASHKARI: I NOW SEE NEUTRAL FED FUNDS RATE AS CLOSE TO 3%.
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- Posted: Oct 7, 2024 1:36pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,767
