EUR/USD Outlook: Dollar Holds Firm Ahead of Inflation Numbers
The dollar rose on Friday on a positive jobs report. The US reported an additional 303,000 jobs in March and a drop in the unemployment rate. The European Central Bank…
USD/CAD Weekly Forecast: Fed-BoC Rate Divergence
Fed policymakers played down expectations for a June rate cut. The US NFP report showed strong demand in the labor market. Canada released a dismal employment report. A closer look…
EUR/USD Weekly Forecast: Upbeat NFP Pours Water on Fed’s Cut
US manufacturing activity improved, while service activity declined. The US jobs report showed a stronger-than-expected increase in employment in March. Traders lowered expectations for the Fed's first rate cut in…
EUR/USD Price Faces Bearish Pressure Ahead of US NFP
US economic data should move the rate. Extraction of the upper midline activates further growth. Failure to hold above 1.0864 signaled exhausted buyers. EUR/USD is trading in the red at…
GBP/USD Price Analysis: Pound Pares Gains Ahead of US NFP
US jobless claims rose last week to the highest level in two months. The dollar rallied as Fed policymakers delivered sharp remarks on Thursday. Markets expect a decline in employment…
USD/JPY Outlook: Yen Rises Amid BoJ’s Intervention Signals
The dollar strengthened on the Fed's hawkish remarks. The yen strengthened after hints that the BoJ may raise interest rates. US data on Thursday revealed a rise in jobless claims.…
USD/JPY Price Looking for Bullish Continuation, Eyes on US NFP
The bias is bullish, so further upside is possible. US data should be decisive tomorrow. Only taking out the psychological level of 151.00 activates the correction. USD/JPI is trading in…
USD/CAD Outlook: Dollar Drops as Unemployment Claims Surge
US jobless claims rose more than expected last week. The data revealed a slowdown in the US services sector. Oil prices rose on Thursday amid supply concerns. The USD/CAD outlook…
EUR/USD Forecast: Dollar Softens Amid Signs of Economic Easing
The US released data showing a slowdown in services growth. The non-manufacturing PMI fell from 52.6 in February to 51.4 last month. Eurozone inflation fell to 2.4% in March from…
USD/JPY Forecast: Yen Under Pressure as Dollar Holds Firm
The US manufacturing PMI showed an increase in domestic demand. US job vacancies rose slightly in February as the labor market remained tight. There are fears of a possible intervention…
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