Bulls Hit 4-Month Top Despite Low CPI
In October, there was a drop in inflation in Australia. Australians have benefited from a weakening greenback. Financial markets expect the RBA to keep rates unchanged in December. In Wednesday's…
USD/JPY Forecast: Dollar Hits 3-Month Low on Dovish Fed
The Fed's Waller suggested the possibility of rate cuts in the coming months. The dollar fell more than 0.5% to 146.675 yen, its weakest point in more than two months.…
GBP/USD Price Stalls as Buyers Fear US Prelim GDP Data
The GBP/USD pair maintains a bullish bias as long as it is above the midline. He could only test and retest support levels before turning to the upside. US economic…
Bulls Hit 4-Month Top Despite Low CPI
In October, there was a drop in inflation in Australia. Australians have benefited from a weakening greenback. Financial markets expect the RBA to keep rates unchanged in December. In Wednesday's…
Dollar Hits 3-Month Low on Dovish Fed
The Fed's Waller suggested the possibility of rate cuts in the coming months. The dollar fell more than 0.5% to 146.675 yen, its weakest point in more than two months.…
US Dollar Plunges to 3-Month Low
The Federal Reserve could start cutting interest rates by the first half of next year. The euro strengthened by around 3.4%, which is its most significant monthly growth of the…
Pound Poised for a Remarkable Monthly Close
Investors expect a quick transition to a rate cut in the US in 2024. Sterling is up almost 4% against the dollar this month. On Monday, Sunak revealed 29.5 billion…
EUR/USD Price Signals Buyers’ Exhaustion Near 1.0960
The bias remains bullish as the dollar index is bearish. A new higher high activates further growth. US CB consumer confidence should be decisive. EUR/USD is trading in the green…
Gold Price Stalls at $2,018, Eying US New Home Sales Data
The bias remains bullish as long as it is above the 150% line. A new higher high activates further growth. US data could trigger action on KSAU/USD. The price of…
Pound Extends Gains to a Two-Month High
British companies reported unexpected growth in November. The dollar is headed for a monthly loss of over 3%. Market prices indicate a 23% chance that the Fed will cut rates…
