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Read more about the article USD/JPY Forecast: Yen Gains Amid BoJ-Fed Divergence

USD/JPY Forecast: Yen Gains Amid BoJ-Fed Divergence

  • Post author:admin
  • Post published:August 19, 2024
  • Post category:news
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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…

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Read more about the article GBP/USD Outlook: Sterling Surges on Easing BoE Rate Cut Bets

GBP/USD Outlook: Sterling Surges on Easing BoE Rate Cut Bets

  • Post author:admin
  • Post published:August 19, 2024
  • Post category:news
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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…

Continue ReadingGBP/USD Outlook: Sterling Surges on Easing BoE Rate Cut Bets
Read more about the article USD/CAD Weekly Forecast: High Odds for 25-bps Cut in Sep

USD/CAD Weekly Forecast: High Odds for 25-bps Cut in Sep

  • Post author:admin
  • Post published:August 18, 2024
  • Post category:news
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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…

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Read more about the article EUR/USD Weekly Forecast: Fed Poised for Sep Cut Amid Soft CPI

EUR/USD Weekly Forecast: Fed Poised for Sep Cut Amid Soft CPI

  • Post author:admin
  • Post published:August 17, 2024
  • Post category:news
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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…

Continue ReadingEUR/USD Weekly Forecast: Fed Poised for Sep Cut Amid Soft CPI
Read more about the article USD/JPY Outlook: Dollar Pushes to 2-Week High on Solid Sales

USD/JPY Outlook: Dollar Pushes to 2-Week High on Solid Sales

  • Post author:admin
  • Post published:August 16, 2024
  • Post category:news
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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…

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Read more about the article USD/CAD Price Analysis: Canadian Dollar Recovers from Slump

USD/CAD Price Analysis: Canadian Dollar Recovers from Slump

  • Post author:admin
  • Post published:August 16, 2024
  • Post category:news
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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…

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Read more about the article AUD/USD Forecast: Surprising Job Growth Triggers Rally

AUD/USD Forecast: Surprising Job Growth Triggers Rally

  • Post author:admin
  • Post published:August 15, 2024
  • Post category:news
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Employment in Australia rose by 58,200 in July. The probability of an RBA rate cut in November fell from 55% to 45%. The US dollar was on the back foot…

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Read more about the article GBP/USD Outlook: Pound Climbs as UK GDP Meets Forecast

GBP/USD Outlook: Pound Climbs as UK GDP Meets Forecast

  • Post author:admin
  • Post published:August 15, 2024
  • Post category:news
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The data shows that the UK economy grew by 0.6% in Q2. Markets now see a 25 basis point Fed rate cut as more likely. Investors await the US retail…

Continue ReadingGBP/USD Outlook: Pound Climbs as UK GDP Meets Forecast
Read more about the article EUR/USD Price Analysis: Soft US Inflation Fuels Euro Above 1.10

EUR/USD Price Analysis: Soft US Inflation Fuels Euro Above 1.10

  • Post author:admin
  • Post published:August 14, 2024
  • Post category:news
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The dollar weakened after data showed PPI rose less than 0.1% in July. The probability of a 50 basis point Fed rate cut in September rose from 50% to 53.5%.…

Continue ReadingEUR/USD Price Analysis: Soft US Inflation Fuels Euro Above 1.10
Read more about the article GBP/USD Forecast: BoE to Cut Further Amid Easing UK CPI

GBP/USD Forecast: BoE to Cut Further Amid Easing UK CPI

  • Post author:admin
  • Post published:August 14, 2024
  • Post category:news
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The consumer price index in Great Britain rose by 2.2 percent less than expected in July. UK services inflation rose 5.2% in July after increasing 5.7% in the previous month.…

Continue ReadingGBP/USD Forecast: BoE to Cut Further Amid Easing UK CPI
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