EUR/USD Forecast: Dollar Dips with Fed Rate Cut on Horizon
Fed policymakers gradually gained confidence that inflation would reach 2%. Markets are pricing in a rate cut of 50 or 25 basis points in September. On Tuesday, the ECB's Olli…
Fed policymakers gradually gained confidence that inflation would reach 2%. Markets are pricing in a rate cut of 50 or 25 basis points in September. On Tuesday, the ECB's Olli…
Investors are speculating ahead of key speeches from top policymakers at the Fed and the Bank of Japan. Markets are implying an over 70% chance of a September Fed rate…
RBA policymakers considered a rate hike at their last meeting. Markets are implying an 84% chance of an RBA rate cut in December. Markets estimate a 75.5% chance of a…
The Canadian dollar strengthened as risk sentiment improved. Economists expect inflation in Canada to decrease from 2.7% to 2.5% in July. Traders will focus on Powell's speech at the end…
The likelihood of a 50 basis point Fed rate cut in September fell due to better-than-expected data. This week, traders will be watching the Jackson Hole Symposium. Bank of Japan…
UK retail sales rose 0.5% in July after falling 0.9% the previous month. UK GDP data reveals expected growth of 0.6% in Q2. All the focus will be on Powell's…
The data revealed that July wholesale inflation in the US was softer than expected. The headline US CPI number eased to 2.9% from 3.0%. The dollar got a brief respite…
The US PPI and CPI reports confirmed that inflation is on a consistent path towards the 2% target. US retail sales jumped and jobless claims fell. Next week, investors will…
US retail sales rose 1.0% in July. The probability of a 50 bps Fed rate cut in September fell to 25%. US jobless claims fell to 227,000 last week. The…
US retail sales data showed an unexpected 1.0% increase in July. The odds of a 50 bps Fed rate cut in September have been reduced to 25%. Canadian wholesale trade…