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Read more about the article EUR/USD Weekly Forecast: Fed Confident in Taming Inflation

EUR/USD Weekly Forecast: Fed Confident in Taming Inflation

  • Post author:admin
  • Post published:July 21, 2024
  • Post category:news
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Powell indicated that policymakers were more confident about lowering inflation. The US reported better-than-expected sales in June. The ECB kept rates on hold but gave no clear guidance on the…

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Read more about the article USD/CAD Weekly Forecast: Buyers Emerge Amid BoC’s Rate Cut

USD/CAD Weekly Forecast: Buyers Emerge Amid BoC’s Rate Cut

  • Post author:admin
  • Post published:July 20, 2024
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Data on Tuesday showed upbeat US retail sales, pointing to resilience. Inflation in Canada eased more than expected, fueling bets for a July rate cut. The Bank of Canada is…

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Read more about the article USD/JPY Price Analysis: BoJ’s Uncertainty Weighs on Yen

USD/JPY Price Analysis: BoJ’s Uncertainty Weighs on Yen

  • Post author:admin
  • Post published:July 19, 2024
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The Japanese government has lowered this year's growth estimates. A Reuters poll on Friday suggested the BoJ would hold off on a July hike. Core inflation in Japan accelerated in…

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Read more about the article EUR/USD Outlook: Euro Slides After ECB’s Uncertain Outlook

EUR/USD Outlook: Euro Slides After ECB’s Uncertain Outlook

  • Post author:admin
  • Post published:July 19, 2024
  • Post category:news
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The ECB has not given clear guidance on the prospects for interest rate cuts. Economists believe there will be two more rate cuts in the Eurozone this year. US jobless…

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Read more about the article GBP/USD Outlook: Pound Slips Below 1.30 Amid Poor Jobs Report

GBP/USD Outlook: Pound Slips Below 1.30 Amid Poor Jobs Report

  • Post author:admin
  • Post published:July 18, 2024
  • Post category:news
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The data showed a higher-than-expected number of jobless claims in the UK. Average weekly earnings in the UK minus bonuses rose by 5.7%. The pound is up about 2.1% in…

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Read more about the article AUD/USD Forecast: Aussie Rises Marginally on Mixed Jobs Data

AUD/USD Forecast: Aussie Rises Marginally on Mixed Jobs Data

  • Post author:admin
  • Post published:July 18, 2024
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There was an unexpected jump in employment in Australia in June. Investors have increased the likelihood of an RBA rate hike in August from 12% to 20%. Investors are fully…

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Read more about the article GBP/USD Price Analysis: Pound Jumps Amid Hotter Inflation

GBP/USD Price Analysis: Pound Jumps Amid Hotter Inflation

  • Post author:admin
  • Post published:July 17, 2024
  • Post category:news
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Inflation in the UK remained at an annual rate of 2% in June. Services inflation in the UK reached 5.7%. US sales were unchanged in June, better than economists' expectations…

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Read more about the article USD/CAD Forecast: Dollar Tumbles as Fed’s Sep Rate Cut Looms

USD/CAD Forecast: Dollar Tumbles as Fed’s Sep Rate Cut Looms

  • Post author:admin
  • Post published:July 17, 2024
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The US consumer inflation report surprised to the downside. US retail sales beat forecasts by 0.0%. Price pressures in Canada decreased from 2.9% to 2.7% in June. The USD/CAD forecast…

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Read more about the article USD/CAD Price Analysis: Bulls Gain Traction Ahead of BoC

USD/CAD Price Analysis: Bulls Gain Traction Ahead of BoC

  • Post author:admin
  • Post published:July 16, 2024
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A Bank of Canada survey showed increased expectations for lower inflation. Investors increased the odds of a July BoC rate cut from 77% to 80%. In June, economists expect inflation…

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Read more about the article EUR/USD Outlook: Dollar Dips as Powell Strikes Dovish Tone

EUR/USD Outlook: Dollar Dips as Powell Strikes Dovish Tone

  • Post author:admin
  • Post published:July 16, 2024
  • Post category:news
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Powell noted that recent inflation data has increased confidence that price pressures are easing. Markets are fully pricing in a Fed rate cut in September. Investors are gearing up for…

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