USD/JPY Outlook: Yen Recovers as Greenback Retreats
The dollar was weak as US markets remained closed for the holiday. The yen fell by about 6% in 2024 on falling expectations of a US rate cut. Some experts…
USD/CAD Weekly Forecast: Hot US CPI Dims Early Rate Cut Bets
Investors have lowered their expectations for a cut in US interest rates. US retail sales data came in much lower than expected, showing poor consumer spending. US wholesale inflation beat…
EUR/USD Weekly Forecast: Dollar Soars Amid Stubborn Inflation
US consumer inflation report beat estimates. The PPI report on Friday confirmed that US inflation was higher than expected. Traders will review the meeting minutes from the last ECB and…
USD/JPY Price Analysis: Bulls Eying 5th Consecutive Weekly Gain
Investors were cautious ahead of the US wholesale inflation report. USD/JPI fell after US retail sales report missed forecasts. Japanese authorities have warned of possible actions to stop the excessive…
USD/CAD Price Stuck Near Daily Lows, Eyes on US PPI
The dollar needs positive data to retake the lead. A new lower low triggers more dips. US data should shake up the markets today. USD/CAD weakened on Friday, hitting today's…
EUR/USD Outlook: Euro Surges After Villeroy’s Less Dovishness
The ECB's Francois Villeroy said the central bank should not wait too long before starting to cut interest rates. The fall in US retail sales in January is larger than…
USD/JPY Outlook: Yen Soars Amid Japanese Officials’ Concerns
Officials in Japan were concerned when USD/JPI crossed the $150 level. Data from Japan on Thursday revealed a recession in the latter part of 2024. Economists expect the BoJ rate…
Gold Price Aims to Regain $2,000, Eyes on US Retail Sales
KSAU/USD seems determined to bounce back and recover after registering false breakouts below the midline. US data should move the price today. S1 is seen as a potential upside target.…
AUD/USD Forecast: Profit-Taking in Dollar After Inflation Led Rally
The dollar retreated from recent highs as investors took profits. Australians have gained despite a significant decline in employment in Australia. Australia's unemployment rate has risen to a two-year high.…
USD/CAD Price Analysis: Dollar Surges Amid Hotter Inflation
The dollar strengthened on optimistic inflation data. US core inflation rose to 0.4% in January, beating forecasts. The probability of a cut in May fell below 50%. USD/CAD price analysis…
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