GBP/USD Forecast: UK Inflation Steadies, US Inflation Rises
Annual inflation in the UK was held at 4.0%. The US released an upbeat inflation report showing persistent inflation. The possible time for a Fed rate cut has gradually moved…
Annual inflation in the UK was held at 4.0%. The US released an upbeat inflation report showing persistent inflation. The possible time for a Fed rate cut has gradually moved…
Fed policymakers have emphasized the need for evidence of a steady decline in inflation. Falling inflation in the US would lead to increased expectations of interest rate cuts. Markets are…
Removing the weekly pivot point activates further growth. The midline is seen as a potential target. US CPI should bring sharp movements today. Gold prices rallied on Tuesday even as…
The dollar strengthened ahead of the US consumer inflation report. The Australian dollar was steady after mixed economic reports. A report on Australian consumer confidence showed a rebound in February.…
Downward pressure on the GBP/USD price is high after false breakouts were registered. US inflation data should move the rate tomorrow. The lower middle line (LML) could attract a rate.…
Statistics Canada found that employment grew almost twice as much as analysts had expected. Investors backed off bets on an early rate cut by the Bank of Canada. US data…
The dollar gained momentum ahead of Tuesday's main inflation report. Forecasts for the US Inflation Report show that annual inflation is likely to reach 3.8%. The ECB's Fabio Panetta noted…
The dollar was on the front foot after Powell's hawkish speech. BoE policymaker Jonathan Haskell said he would need more evidence that inflation was cooling. The US and UK will…
RBA's top policymaker warned that the bank could still raise rates to lower inflation. Traders are adjusting their policy outlook for the RBA and the Fed. Market participants are eagerly…
The middle line could attract the USD/CAD pair. Canadian data should have a big impact today. Removing the middle line triggers a bigger drop. The USD/CAD price lost strength on…