GBP/USD Outlook: Pound Extends Slide as BoE Signals Rate Cuts
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…
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…
The dollar recovered after US economic data pointed to a strong economy. Data on Thursday showed a drop in initial jobless claims from last week. Inflation in Canada fell more…
The EUR/USD price could continue to rise if it stays above the midline. US manufacturing and services data should move the rate up. A new lower low triggers a deeper…
On Tuesday, the Bank of Japan raised interest rates for the first time in 17 years. BoJ Governor Kazuo Ueda has vowed to maintain ultra-easy monetary conditions. The dollar weakened…
Employment rose in Australia, while the unemployment rate fell in February. Markets expect a 37bps cut from the RBA, down from 44bps. The Fed maintained its outlook for 3 rate…
The bias is bearish as long as it remains below the immediate downtrend line. FOMC should bring high volatility. The removal of the downtrend line indicates a continuation to the…
Market participants are focused on the Fed's policy meeting. Markets expect the Fed to cut rates by a total of 73 basis points this year. The ECB's Martins Kazaks said…
Dollar gains ground as traders brace for the outcome of the FOMC policy meeting. Markets expect the Fed to keep rates on hold at Wednesday's meeting. Tuesday's data revealed a…
The RBA held rates but was less hawkish. RBA Governor Michelle Bullock failed to provide clear guidance on rate cuts. The dollar was steady ahead of the FOMC meeting that…
USD/CAD bias is bullish despite minor pullbacks. False breakouts signaled exhausted buyers. Canadian inflation data should bring sharp developments. USD/CAD is trading at 1.3567 at the time of writing. The…