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Read more about the article Gold Price Turns Soft After Downbeat UK Inflation Figures

Gold Price Turns Soft After Downbeat UK Inflation Figures

  • Post author:admin
  • Post published:December 20, 2023
  • Post category:news
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Gold could jump higher as long as it is above the lower median line. A new higher high activates further growth. US CB Consumer Confidence should take high action. The…

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Read more about the article GBP/USD Forecast: Pound Dips After Subpar November CPI

GBP/USD Forecast: Pound Dips After Subpar November CPI

  • Post author:admin
  • Post published:December 20, 2023
  • Post category:news
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November British inflation data fell well below expectations. Markets are fully expecting a 25 basis point cut in the Bank of England rate in June 2024. Market participants are now…

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Read more about the article USD/CAD Price Analysis: Investors Reevaluate BoC Rate Cuts

USD/CAD Price Analysis: Investors Reevaluate BoC Rate Cuts

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  • Post published:December 20, 2023
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Data showed that inflation in Canada remained stable in November. The probability of a BoC cut next month fell to 16.0% from 21.4%. Raphael Bostic reiterated on Tuesday that he…

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Read more about the article GBP/USD Price Recovers Above 1.27, Eyes on UK Inflation

GBP/USD Price Recovers Above 1.27, Eyes on UK Inflation

  • Post author:admin
  • Post published:December 19, 2023
  • Post category:news
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The correction is completed above the middle line (ml). The upper midline (uml) is the main target. Canada's CPI is due to run a bit later today. The GBP/USD price…

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Read more about the article USD/JPY Price Analysis: BoJ Maintains Policy, Yen Plummets

USD/JPY Price Analysis: BoJ Maintains Policy, Yen Plummets

  • Post author:admin
  • Post published:December 19, 2023
  • Post category:news
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The Bank of Japan maintained ultra-loose monetary policy on Tuesday. Some investors were waiting for signs of a potential move away from negative interest rates. Some Fed officials are balking…

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Read more about the article USD/CAD Outlook: Dollar Weakens Amid Fed Rate Cut Bets

USD/CAD Outlook: Dollar Weakens Amid Fed Rate Cut Bets

  • Post author:admin
  • Post published:December 19, 2023
  • Post category:news
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The Canadian dollar strengthened after the Fed signaled a looming rate cut. Economists expect Canadian inflation to slow to an annual rate of 2.9%. Oil rose due to an attack…

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Read more about the article Gold Price Aiming for $2,000 as Selling Intensifies

Gold Price Aiming for $2,000 as Selling Intensifies

  • Post author:admin
  • Post published:December 18, 2023
  • Post category:news
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KSAU/USD pulled back after registering only false breakouts through current resistance levels. The lower middle line (LML) stands as the main support. Canada's CPI could change sentiment tomorrow. The price…

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Read more about the article GBP/USD Outlook: Williams Challenges Fed Rate Cut Expectations

GBP/USD Outlook: Williams Challenges Fed Rate Cut Expectations

  • Post author:admin
  • Post published:December 18, 2023
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The Fed's Williams disputed the market consensus for rate cuts. Britain's services sector experienced increased growth this month. The Bank of England confirmed its stance on keeping interest rates high…

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Read more about the article USD/JPY Forecast: Traders on Edge as BoJ’s Policy Shift

USD/JPY Forecast: Traders on Edge as BoJ’s Policy Shift

  • Post author:admin
  • Post published:December 18, 2023
  • Post category:news
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Investors are now awaiting a decision from the BoJ on Tuesday to clarify the bank's rate outlook. The dollar fell amid signs of a potential Fed rate cut next year.…

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Read more about the article USD/JPY Weekly Forecast: Fed-BoJ Divergence Leads Sellers

USD/JPY Weekly Forecast: Fed-BoJ Divergence Leads Sellers

  • Post author:admin
  • Post published:December 16, 2023
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Inflation data from the US supported investors' expectations of an upcoming interest rate cut. Powell said the rate hike cycle is likely coming to an end. Economists do not foresee…

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