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Read more about the article EUR/USD Price Analysis: Weak Retail Sales Weigh on Dollar

EUR/USD Price Analysis: Weak Retail Sales Weigh on Dollar

  • Post author:admin
  • Post published:June 19, 2024
  • Post category:news
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US sales rose just 0.1% in May compared with expectations for a 0.3% gain. Markets are pricing in a 67% chance of a Fed tapering in September. Economists expect the…

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Read more about the article GBP/USD Forecast: Strong Underlying Inflation Boosts Sterling

GBP/USD Forecast: Strong Underlying Inflation Boosts Sterling

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  • Post published:June 19, 2024
  • Post category:news
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UK inflation fell below the BoE's 2% target for the first time in nearly three years. Inflation in the prices of services in the UK increased by 5.7%, which is…

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Read more about the article GBP/USD Price Analysis: Downbeat US Retail Sales Boosts Pound

GBP/USD Price Analysis: Downbeat US Retail Sales Boosts Pound

  • Post author:admin
  • Post published:June 18, 2024
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US retail sales data on Tuesday revealed a smaller-than-expected increase. The Fed has forecast just one rate cut this year. The pound fell ahead of the Bank of England's policy…

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Read more about the article AUD/USD Outlook: Aussie Gains Following RBA Policy Meeting

AUD/USD Outlook: Aussie Gains Following RBA Policy Meeting

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  • Post published:June 18, 2024
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The Reserve Bank of Australia kept rates at 4.35 percent on Tuesday. Inflation in Australia is 3.6%, well above the central bank's target. Economists expect the US retail sales figure…

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Read more about the article USD/CAD outlook: Dollar Climbs Amid Eurozone Political Turmoil

USD/CAD outlook: Dollar Climbs Amid Eurozone Political Turmoil

  • Post author:admin
  • Post published:June 17, 2024
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The euro remained weak on fears of a financial crisis in France. The loonie rallied on Friday as data revealed a 1.1% rise in factory sales. Expectations for BoC tapering…

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Read more about the article EUR/USD Forecast: Sellers Regain Amid Political Uncertainty

EUR/USD Forecast: Sellers Regain Amid Political Uncertainty

  • Post author:admin
  • Post published:June 17, 2024
  • Post category:news
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The announcement of snap elections in France caused considerable turmoil in the Eurozone. The ECB has remained silent on support for French markets. Markets are still absorbing the Fed's forecast…

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Read more about the article AUD/USD Weekly Forecast: Fed Signals One Rate Cut for 2024

AUD/USD Weekly Forecast: Fed Signals One Rate Cut for 2024

  • Post author:admin
  • Post published:June 16, 2024
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US consumer and wholesale inflation data came in below estimates. The Fed has forecast just one rate cut this year. The Reserve Bank of Australia will hold a policy meeting…

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Read more about the article GBP/USD Weekly Forecast: Fed Rate Forecasts Pushes Dollar Up

GBP/USD Weekly Forecast: Fed Rate Forecasts Pushes Dollar Up

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  • Post published:June 15, 2024
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Data from Great Britain revealed a significant jump in monthly unemployment claims. US data revealed a lower-than-expected consumer inflation figure in May. The Fed's forecasts at the FOMC meeting showed…

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Read more about the article USD/CAD Price Analysis: BoC’s Rate Cut Plan Weighs on Loonie

USD/CAD Price Analysis: BoC’s Rate Cut Plan Weighs on Loonie

  • Post author:admin
  • Post published:June 14, 2024
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The Bank of Canada last week became the first G7 central bank to cut interest rates. Investors are pricing in a 55% chance the Bank of Canada will cut rates…

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Read more about the article USD/JPY Outlook: Dovish BoJ Sends Yen to 1-Month Lows

USD/JPY Outlook: Dovish BoJ Sends Yen to 1-Month Lows

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  • Post published:June 14, 2024
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The USD/JPI outlook is weakening as the BoJ said it will continue to buy government bonds at the current rate. The dollar was strong due to safe haven inflows from…

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