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Read more about the article EUR/USD Price Recovers Amid Poor US New Home Sales Data

EUR/USD Price Recovers Amid Poor US New Home Sales Data

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  • Post published:March 26, 2024
  • Post category:news
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R1 is seen as the next potential target. The bias is bullish as long as it remains within the body of the rising villas. US data could sway the price…

Continue ReadingEUR/USD Price Recovers Amid Poor US New Home Sales Data
Read more about the article GBP/USD Price Analysis: Dollar Weakness Briefly Lifts Pound

GBP/USD Price Analysis: Dollar Weakness Briefly Lifts Pound

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  • Post published:March 26, 2024
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The pound recovered on Tuesday as the dollar weakened. BoE policymakers took a dovish stance last week. Investors will remain cautious as they await more data on US inflation. GBP/USD…

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Read more about the article AUD/USD Outlook: Dollar Retreats Amid Profit-Taking

AUD/USD Outlook: Dollar Retreats Amid Profit-Taking

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  • Post published:March 26, 2024
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The Swiss National Bank reduced interest rates by 25 basis points. Fed policymakers have emphasized caution as the central bank prepares to cut interest rates. The data revealed a decline…

Continue ReadingAUD/USD Outlook: Dollar Retreats Amid Profit-Taking
Read more about the article Gold Price Correction Forms a Bullish Flag, Eying $2,200

Gold Price Correction Forms a Bullish Flag, Eying $2,200

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  • Post published:March 25, 2024
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The bias remains bullish despite the current selloff. The removal of the downtrend line activates a new bullish movement. US data could bring some measures tomorrow. The price of gold…

Continue ReadingGold Price Correction Forms a Bullish Flag, Eying $2,200
Read more about the article USD/CAD Outlook: Data Weakens Loonie, Strengthens Dollar

USD/CAD Outlook: Data Weakens Loonie, Strengthens Dollar

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  • Post published:March 25, 2024
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Canadian retail sales fell 0.3% in January from December. Tuesday's data showed a drop in inflation in Canada. The US economy remains resilient and inflation is high. The outlook for…

Continue ReadingUSD/CAD Outlook: Data Weakens Loonie, Strengthens Dollar
Read more about the article USD/JPY Forecast: Rally Pauses on Intervention Threats

USD/JPY Forecast: Rally Pauses on Intervention Threats

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  • Post published:March 25, 2024
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The Bank of Japan made a significant policy shift when it raised interest rates. Market participants shifted their focus to the possible pace and size of future BoJ hikes. The…

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Read more about the article USD/CAD Weekly Forecast: Resilient Economy Boosts Greenback

USD/CAD Weekly Forecast: Resilient Economy Boosts Greenback

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  • Post published:March 23, 2024
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The data revealed a larger-than-expected drop in inflation in Canada. The dollar initially weakened after the FOMC meeting. Next week, traders will be able to assess GDP data from the…

Continue ReadingUSD/CAD Weekly Forecast: Resilient Economy Boosts Greenback
Read more about the article AUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength

AUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength

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  • Post published:March 23, 2024
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The Reserve Bank of Australia kept rates on hold on Tuesday and took a more neutral tone. The Fed had a more dovish policy meeting, weakening the dollar. The US…

Continue ReadingAUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength
Read more about the article USD/JPY Price Remains Strong Amid Upbeat US Data

USD/JPY Price Remains Strong Amid Upbeat US Data

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  • Post published:March 22, 2024
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The bias remains bullish as long as it is above R2. A new higher high activates further growth. Failure to stay above the middle line (ml) can reveal exhausted buyers.…

Continue ReadingUSD/JPY Price Remains Strong Amid Upbeat US Data
Read more about the article GBP/USD Outlook: Pound Extends Slide as BoE Signals Rate Cuts

GBP/USD Outlook: Pound Extends Slide as BoE Signals Rate Cuts

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  • Post published:March 22, 2024
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The Bank of England kept rates on hold on Thursday. UK inflation fell from 4.0% in January to 3.4% in February. There is a 75% chance that the Bank of…

Continue ReadingGBP/USD Outlook: Pound Extends Slide as BoE Signals Rate Cuts
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