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Read more about the article USD/CAD Weekly Forecast: Dollar Slips Amid Weak NFP

USD/CAD Weekly Forecast: Dollar Slips Amid Weak NFP

  • Post author:admin
  • Post published:July 7, 2024
  • Post category:news
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The monthly US employment report showed an increase in the unemployment rate to 4.1%. The Canadian labor market weakened sharply, and the economy lost jobs in June. Next week, investors…

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Read more about the article EUR/USD Weekly Forecast: Dovish Fed Weighs on Dollar

EUR/USD Weekly Forecast: Dovish Fed Weighs on Dollar

  • Post author:admin
  • Post published:July 6, 2024
  • Post category:news
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The dollar fell amid increasing expectations of a Fed rate cut. The Euro got some relief after the first round of French elections. Next week, the US will release data…

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Read more about the article USD/JPY Price Analysis: Yen Rebounds Amid Intervention Fears

USD/JPY Price Analysis: Yen Rebounds Amid Intervention Fears

  • Post author:admin
  • Post published:July 5, 2024
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Investors are eagerly awaiting the US non-farm payrolls report. For the first time in more than a month, the yen is rising against the dollar. The yen has lost 12…

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Read more about the article GBP/USD Outlook: Dollar Dips as US NFP Data Looms

GBP/USD Outlook: Dollar Dips as US NFP Data Looms

  • Post author:admin
  • Post published:July 5, 2024
  • Post category:news
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The dollar weakened on Friday after a week of poor economic data. Economists expect the US economy to add 191,000 jobs in June. Investors were cheering for the impending victory…

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Read more about the article GBP/USD Forecast: Economic Setbacks Leave Dollar Struggling

GBP/USD Forecast: Economic Setbacks Leave Dollar Struggling

  • Post author:admin
  • Post published:July 4, 2024
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US private employers hired fewer workers than expected in June. There was an unexpected increase in jobless claims from 234,000 to 238,000. The UK service sector contracted by a smaller…

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Read more about the article USD/CAD Outlook: Economic Softness Weighs on US Dollar

USD/CAD Outlook: Economic Softness Weighs on US Dollar

  • Post author:admin
  • Post published:July 4, 2024
  • Post category:news
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Business activity in the US service sector fell to its lowest level in 4 years in June. US private employment fell in June. Canada's trade deficit in May was larger…

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Read more about the article EUR/USD Price Analysis: Gaining Amid Fed’s Dovish Comments

EUR/USD Price Analysis: Gaining Amid Fed’s Dovish Comments

  • Post author:admin
  • Post published:July 3, 2024
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Powell noted significant improvement in US inflation. There was an unexpected jump in US job creation in May. Eurozone inflation eased last month, but underlying price pressures remained high. EUR/USD…

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Read more about the article USD/CAD Forecast: Oil Price Surge Boosts Canadian Dollar

USD/CAD Forecast: Oil Price Surge Boosts Canadian Dollar

  • Post author:admin
  • Post published:July 3, 2024
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Oil briefly hit a two-month high, helping the Canadian dollar rise. Canada's manufacturing sector remained in contraction in June. The US dollar weakened after Powell's dovish remarks. The USD/CAD forecast…

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Read more about the article AUD/USD Outlook: Rising Treasury Yields Bolster US Dollar

AUD/USD Outlook: Rising Treasury Yields Bolster US Dollar

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  • Post published:July 2, 2024
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US Treasury yields jumped overnight amid expectations of a Trump victory. Data from Monday showed that the US manufacturing sector contracted further in June. Investors estimate a 36% chance that…

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Read more about the article USD/JPY Price Analysis: No Respite for Yen Amid Rate differential

USD/JPY Price Analysis: No Respite for Yen Amid Rate differential

  • Post author:admin
  • Post published:July 2, 2024
  • Post category:news
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Japan cut its first-quarter GDP data to show the economy shrank more than reported. A rise in US Treasury yields weighed on the yen. Investors await Fed Chairman Powell's speech.…

Continue ReadingUSD/JPY Price Analysis: No Respite for Yen Amid Rate differential
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