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Read more about the article USD/CAD Weekly Forecast: Fed Joins BoC in Rate Cut Race

USD/CAD Weekly Forecast: Fed Joins BoC in Rate Cut Race

  • Post author:admin
  • Post published:September 22, 2024
  • Post category:news
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The Fed cut rates by 50 bps, kicking off the easing cycle with a bang. Inflation in Canada eased more than expected on a monthly basis. Canadian retail sales jumped,…

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Read more about the article AUD/USD Weekly Forecast: Fed-RBA Divergence Pushes Bulls

AUD/USD Weekly Forecast: Fed-RBA Divergence Pushes Bulls

  • Post author:admin
  • Post published:September 22, 2024
  • Post category:news
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The US central bank implemented its first rate cut on Wednesday, sending the dollar sinking. Australian employment data showed faster-than-expected job growth. Market participants will focus on the Reserve Bank…

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Read more about the article GBP/USD Outlook: Fed-BoE Divergence Boosts Sterling

GBP/USD Outlook: Fed-BoE Divergence Boosts Sterling

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  • Post published:September 20, 2024
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The US dollar remained fragile on Friday following Wednesday's FOMC policy meeting. Data on Thursday showed that US jobless claims fell significantly. The Bank of England kept interest rates unchanged…

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Read more about the article USD/JPY Price Analysis: Yen Plunges as Ueda Dodges Hike Signals

USD/JPY Price Analysis: Yen Plunges as Ueda Dodges Hike Signals

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  • Post published:September 20, 2024
  • Post category:news
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Japan's central bank met on Friday and decided to keep interest rates unchanged. Ueda's post-meeting speech contained little on future rate hikes. The US central bank cut borrowing costs by…

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Read more about the article AUD/USD Forecast: AUD Rallies on Surprising Employment Gains

AUD/USD Forecast: AUD Rallies on Surprising Employment Gains

  • Post author:admin
  • Post published:September 19, 2024
  • Post category:news
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The Australian economy added 47,500 jobs in August, beating estimates of 26,400. RBA remained cautious as other major central banks reduced borrowing costs. The US central bank cut borrowing costs…

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Read more about the article USD/JPY Outlook: Fed Decision Triggers Wild Swings

USD/JPY Outlook: Fed Decision Triggers Wild Swings

  • Post author:admin
  • Post published:September 19, 2024
  • Post category:news
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The US Federal Reserve finally cut borrowing costs by 50 basis points after months of market speculation. Powell said the big cuts were meant to keep unemployment under control. At…

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Read more about the article GBP/USD Forecast: UK Services Inflation Beat Expectations

GBP/USD Forecast: UK Services Inflation Beat Expectations

  • Post author:admin
  • Post published:September 18, 2024
  • Post category:news
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Services inflation in the UK rose by 5.6%, above expectations for a 5.5% increase. The Bank of England is likely to keep rates unchanged this week. US sales rose 0.1%…

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Read more about the article USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI

USD/CAD Price Analysis: CAD Vulnerable After Downbeat CPI

  • Post author:admin
  • Post published:September 18, 2024
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Inflation in Canada fell by 0.2% month-on-month, surprising economists who had expected no change. The data revealed that US retail sales unexpectedly rose by 0.1%. The probability of a 50…

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Read more about the article USD/CAD Outlook: Indecision Ahead of Canada’s CPI, FOMC

USD/CAD Outlook: Indecision Ahead of Canada’s CPI, FOMC

  • Post author:admin
  • Post published:September 17, 2024
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The Canadian dollar remained muted ahead of key inflation data. Canadian price pressures could cool from 2.5% in July to 2.1% in August. The dollar is under pressure as market…

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Read more about the article GBP/USD Price Analysis: Fed’s 50-bps Rate Cut Bets Surge

GBP/USD Price Analysis: Fed’s 50-bps Rate Cut Bets Surge

  • Post author:admin
  • Post published:September 17, 2024
  • Post category:news
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The dollar was on the back foot as traders positioned themselves ahead of the FOMC policy meeting. Economists forecast a 0.2% drop in US retail sales. Forecasts show that consumer…

Continue ReadingGBP/USD Price Analysis: Fed’s 50-bps Rate Cut Bets Surge
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