USDCAD: Ready for a new bullish wave?

ATFX Market Outlook 16th January 2025

The dollar weakened as lower core inflation data raised expectations for two potential Fed rate cuts. The dollar index fell to 109.07, with the dollar at 156.49 yen, the sterling at 1.2229, and the euro near 1.03.

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ATFX Market Outlook 7th January 2025

On Monday, the S&P 500 and Nasdaq hit their highest levels in over a week, driven by gains in semiconductor stocks and reports suggesting the incoming Trump administration might adopt a softer approach to tariffs. The Dow fell by 0.06%, the S&P 500 rose by 0.5%, and the Nasdaq increased by 1.2%.

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ATFX Market Outlook 8th January 2025

Dow futures closed lower on Tuesday as robust economic data led to higher Treasury yields, dampening expectations for Federal Reserve rate cuts later this year. Crude oil futures rose toward $75 per barrel on Wednesday, extending gains and approaching three-month highs amid signs of declining US crude inventories.

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ATFX Market Outlook 9th January 2025

U.S. stock index futures declined on Wednesday as investors evaluated the potential for slower interest rate reductions in 2025 and the possibility of trade tariffs under President-elect Donald Trump. Following a subdued session on Wall Street, S&P 500 and Nasdaq 100 futures decreased by 0.1%, while Dow Futures remained steady.

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ATFX Market Outlook 10th January 2025

Attention is on December's nonfarm payrolls, set for Friday's release as investors seek insights into the labour market and interest rate trajectory. A strong labour market could allow the Fed to slow its rate cuts following a 1% reduction in 2024 due to fears of a slowdown.

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ATFX Market Outlook 13th January 2025

Due to ongoing inflation expectations and a strong labour market, the Federal Reserve is expected to cut interest rates twice in 2025, down from three. These cut are anticipated in June and December 2025, with an additional reduction possible in 2026, lowering the terminal rate to 3.5% and 3.75%. This adjustment follows strong December nonfarm payroll data, which reduced the need for immediate cut

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ATFX Market Outlook 14th January 2025

U.S. stocks closed mixed on Monday, with the S&P 500 index rebounding from a two-month low. The Dow Jones Industrial Average rose 0.86%, the S&P 500 gained 0.16%, while the Nasdaq fell 0.38%.

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ATFX Market Outlook 15th January 2025

Tonight, the U.S. financial market awaits its first inflation report of the year, with December's annual inflation rate expected to increase to 2.9% from 2.7%. This would be the third consecutive monthly rise, the highest since July, possibly affecting the likelihood of significant Fed rate cuts this year.

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EURUSD	1.01216	GBPUSD	1.2166	AUDUSD	0.6188
USDJPY	156.255	USDCAD	1.4474	USDCHF	0.9145