USD/JPY Weekly Forecast: Dovish BoJ, Upbeat US Data
The dollar strengthened amid upbeat data from the US. The yen weakened as investors lost hope of the BoJ turning to higher interest rates. Inflation in Japan slowed for a…
The dollar strengthened amid upbeat data from the US. The yen weakened as investors lost hope of the BoJ turning to higher interest rates. Inflation in Japan slowed for a…
KSAU/USD could continue its rise if it stays above the sliding line (fig). A new higher high activates further growth. US and Canadian figures could change the mood. The price…
Oil prices rose, driven by geopolitical tensions and disruptions in US oil production. The US dollar extended its recent gains on positive data on the US labor market. Economists forecast…
Core inflation in Japan marked the second consecutive month of slowing trend. The Bank of Japan is likely to keep interest rates ultra-low at next week's meeting. The dollar is…
EUR/USD maintains a bearish bias if it remains below the downtrend line. A new lower low triggers more dips. US economic numbers should trigger more action today. The EUR/USD price…
Strong US retail sales data dampened bets on a Fed rate cut in March. The probability of a rate cut in March decreased to 61% from 65.1% on Tuesday. Investors…
Employment in Australia fell sharply in December. The US reported strong retail sales in December. Traders cut the probability of the Fed's first rate cut by March to 61%. The…
Concerns about potential ship attacks in the Red Sea dampened risk sentiment. Comments from ECB officials opposing an early rate cut cast a shadow over the global rate outlook. Money…
A new higher high confirms further growth. US data should have a big impact during the week. The bias remains bullish as long as it is above the 50% Fibonacci…
The data revealed a slowdown in British wage growth during November. Markets expect a significant rate cut by the Bank of England this year. Money markets are currently pricing in…