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Read more about the article USD/JPY Price Analysis: Powell’s Remarks Trigger Rebound

USD/JPY Price Analysis: Powell’s Remarks Trigger Rebound

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  • Post published:October 1, 2024
  • Post category:news
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Fed Chairman Powell noted that the central bank will stick to a 25 basis point rate cut. Traders cut the probability of a rate cut of 50 basis points in…

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Read more about the article EUR/USD Outlook: Weak Growth & Inflation Hurts Euro

EUR/USD Outlook: Weak Growth & Inflation Hurts Euro

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  • Post published:October 1, 2024
  • Post category:news
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Manufacturing activity in the eurozone fell at the fastest pace this year in September. Eurozone inflation fell below 2% in September, weighing on the euro. Market participants estimate an 85…

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Read more about the article USD/CAD Forecast: Loonie Pressured Amid Bets for Oct Rate Cut

USD/CAD Forecast: Loonie Pressured Amid Bets for Oct Rate Cut

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  • Post published:September 30, 2024
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Canadian GDP rose 0.2 percent in July, compared with estimates of 0.1 percent. The core US PCE price index was lower than expected. Traders estimate a 50% chance of a…

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Read more about the article EUR/USD Outlook: German Inflation Data Spurs Brief Rally

EUR/USD Outlook: German Inflation Data Spurs Brief Rally

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  • Post published:September 30, 2024
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Inflation in Germany eased more than expected. Estimates show that pressures on Eurozone prices could fall from 2.2% to 1.9%. The core US PCE price index rose 0.1%, below estimates.…

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Read more about the article USD/JPY Weekly Forecast: Yen Soars as BoJ Rate Hike Looms

USD/JPY Weekly Forecast: Yen Soars as BoJ Rate Hike Looms

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  • Post published:September 29, 2024
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The yen strengthened after Shigeru Ishiba won the Japanese election. Ishiba supports the Bank of Japan's recent policy moves. The dollar fell due to softer than expected inflation numbers. The…

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Read more about the article EUR/USD Weekly Forecast: Downbeat EU Data Caps Gains

EUR/USD Weekly Forecast: Downbeat EU Data Caps Gains

  • Post author:admin
  • Post published:September 28, 2024
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A set of PMI data revealed a significant drop in business activity in the Eurozone. US jobless claims fell, indicating tough conditions in the labor market. US inflation rose 0.1%…

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Read more about the article USD/JPY Price Analysis: Yen Gains Following Ishiba’s Victory

USD/JPY Price Analysis: Yen Gains Following Ishiba’s Victory

  • Post author:admin
  • Post published:September 27, 2024
  • Post category:news
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Japan announced a new prime minister on Friday after a close race. Japan's new Prime Minister Ishiba supports current monetary policy moves. Inflation in the US rose by 0.1%, which…

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Read more about the article USD/CAD Outlook: Oil Slump Gathers Buying Traction

USD/CAD Outlook: Oil Slump Gathers Buying Traction

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  • Post published:September 27, 2024
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Saudi Arabia plans to increase production after abandoning its $100 oil price target. Market participants are focused on Canadian GDP data. Initial US jobless claims fell to 218,000, below forecasts…

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Read more about the article GBP/USD Forecast: Dollar Rebounds from 14-Month Low

GBP/USD Forecast: Dollar Rebounds from 14-Month Low

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  • Post published:September 26, 2024
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The dollar rallied as investors sought safety amid rising tensions in the Middle East. Market participants estimate a 59% chance of another 50 basis point rate cut in November. Sterling…

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Read more about the article AUD/USD Outlook: Dollar Reverses on Dovish Fed Outlook

AUD/USD Outlook: Dollar Reverses on Dovish Fed Outlook

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  • Post published:September 26, 2024
  • Post category:news
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Initially, the dollar strengthened due to escalating Middle East tensions. Markets are pricing in a higher than 59% chance of a massive November Fed tapering. All eyes are on the…

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