
USD/CAD Forecast: Breakdown deepens as Fed hike bets fade
USD/CAD is trading at its lowest level since early June as data divergence builds. Attention now shifts to US inflation and whether Fed rate hike bets continue to dwindle.
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

USD/CAD is trading at its lowest level since early June as data divergence builds. Attention now shifts to US inflation and whether Fed rate hike bets continue to dwindle.

Coordinated intervention has pushed fundamentals and technicals into the background for now. The next chapter will likely be written by Friday's payrolls report.

A bullish wedge keeps upside in focus, but markets may be more sensitive to weak US labour market data than another upside payrolls surprise.

USD/JPY is knocking on the door of a major breakout, but BOJ intervention risk continues to keep traders on edge. Can Fed Chair Kevin Warsh or Thursday's US payrolls report finally provide the catalyst?

EUR/USD has tracked yields, equities and crude almost perfectly over the past week, yet the price still can’t convincingly break higher. EUR/JPY faces a similar battle with intervention fears looming overhead.

USD/JPY faces a packed week with U.S. payrolls, key Fed speakers and a pivotal BoJ meeting all on tap. Add a Supreme Court case that could shake Fed independence, and volatility risks are high.

USD/JPY bulls are testing critical resistance at ten-month highs ahead of tomorrow Non-Farm Payroll report. Battle lines drawn on the Japanese Yen technical charts.

Upside risks flagged last week have played out nicely, with USD/JPY and USD/CHF hitting multi month highs as traders slash Fed rate cut bets. With both pairs knocking on the door of known resistance, nonfarm payrolls may set the tone for the next big move.
EUR/USD and USD/JPY approach key resistance zones with volatility rising ahead of the US nonfarm payrolls report. Here's how price action is shaping up.
If you think this week's calm in USD/JPY will last, think again. With the U.S. labour market and inflation in focus, history suggests volatility is just around the corner.
Yen bulls are pressing the advantage, but with a messy US payrolls report looming, traders need to stay nimble.
GBPUSD Forecast: The GBPUSD is currently hovering below the key 1.3430 resistance level, with Fed Chair Powell's recent speech introducing a hawkish tone to the rate cut expectations, reinforcing the strength of the DXY and limiting further weakness.
Like it or hate it, there is clearly demand for the USD index around 100. And should NFP and ISMs outperform against next week, it might spark a dollar rebound.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.