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USD/CAD Price Forecast 2021: The complications of COVID-19 on the loonie and the hope for a recoveryANALYSIS |
12/22/2020 4:21:29 PM GMT
Markets in 2021 turn on the defeat of the pandemic and resumption of normal economic activity.
Comparative statistics did not provide a rationale analysis for the USD/CAD 2020 ascent or decline.
Pandemic risk premium extraction dominated USD/CAD price trading in 2020 but ended in July at 1.3400.
Canadian dollar will start 2021 on a strong commodity note, fade as the US economy recovers.
This was the year without ambiguity. From the national economic catastrophes of the lockdowns to the closing of your favorite restaurant, from the US election to the politics of your local school board, COVID-19 touched everyone, destroyed much and left nothing unchanged.
12/23/2020 11:32:17 AM GMT
EUR/USD market players hope for a return to economic growth by mid-2021.
Central banks are likely to maintain their ultra-loose monetary policy for longer than the pandemic.
EUR/USD price has turned bullish after breaking above a descendant trend line coming from 2008.
A pandemic disrupted financial markets and the global economy in 2020, and the greenback is the overall loser. The EUR/USD pair has reached levels last seen in 2018, not far from that year´s peak at 1.2554. After almost a year of pessimism, investors are stubbornly optimistic, with Wall Street trading at record highs. And this is taking place just a few months after major economies posted their largest economic contractions in decades.
12/22/2020 12:48:36 PM GMT
With Brexit talks out of the way, markets can focus on the consequences of this historic change
With Trump’s turmoil over, Biden’s tight work with the Fed is key to dollar action.
Coronavirus vaccination should finish the crisis by year-end, yet a bumpy road awaits.
The economic calendar is set for a comeback in influencing cable.
A traumatic 2020? Not for those cable traders looking for volatility. GBP/USD hit historic lows in response to the coronavirus crisis, changed its reaction function to printing money, and provided endless Brexit-related movements.
With Trump, Brexit – and eventually coronavirus out of the door – will things calm down 2021? The fading out of these three factors will likely lead to a calendar comeback – serving as the judge of the vaccine’s impact, Brexit, and government policies on both sides of the Atlantic.