Weekly Focus – Rates Will Be Cut – But How Much and How Soon?

USDCAD changes the outlook to bearish after the fall below 1.3600 Stochastic ticks up but RSI still holds near 30 zone USDCAD is recouping some losses after the strong selling interest that started from the penetration of the 1.3600 round number and the 200-day simple moving average (SMA). The pair found support near the 1.3440 […]

BoE maintains more hawkish stance than Fed, ECB Despite recession in H2 2023, rate cut bets were not altered January data suggests the economy may have turned a corner With general elections looming, what’s next for the pound? UK enters recession in H2 2023 Despite dropping its tightening bias at its February gathering, the Bank […]

In August, the Japanese yen became one of the most popular instruments in the forex market. Following an unexpected rate hike by the Bank of Japan and weak labour market data from the US, the USD/JPY pair dropped by more than 1000 pips, settling below the psychological level of 150.00. The divergent monetary policies of […]