USD/CAD pulled back after reaching four-month highs near 1.3950, reflecting a strong USD driven by hawkish Fed signals and safe-haven demand, while CAD faces headwinds from softer economic data and a more cautious Bank of Canada. Key technical and fundamental factors suggest cautious short-term corrections amid ongoing policy divergence.
USD/CAD slips below 1.3950 after retreating from recent four-month highs around 1.3980. The pullback comes amid softer US economic data, declining Treasury yields, and rising speculation of Fed rate cuts. Meanwhile, the Canadian dollar edges up despite domestic slowdown concerns. Traders watch key resistance at 1.3950 and support near 1.3900. #Forex #USDCAD
USD/CAD retreats below 1.3950 after hitting a four-month high as market sentiment shifts. The U.S. dollar’s momentum eases amid mixed economic signals and cautious Bank of Canada stance. Traders watch inflation data, central bank cues, and energy prices for next moves.
USD/CAD retreats below 1.3950 after hitting a four-month peak, influenced by mixed signals from U.S. economic strength, BoC policy outlook, and rising oil prices. Market volatility persists as traders weigh diverging central bank paths and global sentiment for next moves.
Weekly Macro and Policy Wrap-Up: Fed signals patience with possible rate cuts later this year, ECB sets stage for June easing, and BoE holds steady amid inflation concerns. Markets react to shifting central bank guidance and inflation data—an essential read for understanding current currency and asset trends. Insights by ForexLive’s Justin Low with analysis from ING, Bloomberg, and Reuters.
As Q2 unfolds, central banks tread carefully amid mixed signals: the Fed grapples with sticky US inflation and a resilient labor market, delaying rate cuts; the ECB eyes gradual easing as Eurozone inflation cools but growth remains fragile. Global markets remain watchful of inflation trends and policy shifts.
Weekly Forex Market Forecast (Sep 28 – Oct 3, 2025): Key events like US Non-Farm Payrolls, Eurozone inflation, and central bank speeches set to drive volatility. USD faces mixed sentiment ahead of NFP; EUR/USD remains under pressure amid eurozone weakness; GBP/USD consolidates below 1.2200. Stay tuned for updated technical levels and trade setups. Analysis by DailyForex.com.
EUR/USD rebounds amid softer U.S. August PCE data, fueling bets the Fed may start cutting rates in 2024. Core PCE rose just 0.1% MoM vs. 0.2% forecast, sending yields lower and the dollar down. Markets now price over 60% chance of a rate cut by June. EUR/USD climbs above 1.0600 as Fed tightening peak seems near.
EUR/USD bounces back as softer U.S. inflation data fuels bets on Federal Reserve rate cuts. Core PCE Inflation slows to 3.9% YoY, easing pressure on the Fed and weakening the dollar. Market eyes if the euro can hold gains above 1.06 amid evolving policy expectations. #Forex #EURUSD #Fed
EUR/USD rebounds strongly as softer May PCE inflation data heightens expectations for earlier Fed rate cuts. The easing inflation backdrop fuels dollar weakness and boosts the euro, with markets pricing in a higher chance of rate reductions starting by September. Traders monitor technical support near 1.0670 as bullish momentum builds.
