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Read more about the article AUD/USD Price Analysis: Australia’s CPI Eases as Expected

AUD/USD Price Analysis: Australia’s CPI Eases as Expected

  • Post author:admin
  • Post published:September 25, 2024
  • Post category:news
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Australia's Consumer Price Index report showed inflation rose by 2.7%. RBA policymakers said they would look beyond falling headline inflation. Data on Tuesday showed an unexpected drop in US consumer…

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Read more about the article USD/CAD Forecast: Loonie Jumps on Improved Risk Appetite

USD/CAD Forecast: Loonie Jumps on Improved Risk Appetite

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  • Post published:September 25, 2024
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The People's Bank of China has announced plans to cut borrowing costs by 50 basis points. Bank of Canada Governor Tiff Macklem gave a dovish speech. The dollar fell after…

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Read more about the article AUD/USD Outlook: RBA Stays Committed to Fight Inflation

AUD/USD Outlook: RBA Stays Committed to Fight Inflation

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  • Post published:September 24, 2024
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The RBA kept rates on hold on Tuesday and reiterated its commitment to reducing stubborn inflation. The probability of an RBA cut in December increased slightly to 72%. PMI data…

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Read more about the article EUR/USD Price Analysis: Dismal EU PMIs Tone Down Bulls

EUR/USD Price Analysis: Dismal EU PMIs Tone Down Bulls

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  • Post published:September 24, 2024
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Monday's data painted a gloomy picture of the eurozone economy. Market participants increased the odds of an October ECB cut to 77%. The US composite PMI remained at 54.4 in…

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Read more about the article GBP/USD Outlook: Pound Pulls Back After Weaker PMIs

GBP/USD Outlook: Pound Pulls Back After Weaker PMIs

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  • Post published:September 23, 2024
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An unexpected jump in services inflation complicated the outlook for a BoE rate cut. The data revealed an unexpected 1% rise in UK retail sales. The dollar strengthened against a…

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Read more about the article USD/CAD Forecast: Dollar Rebounds After BoJ Disappoints

USD/CAD Forecast: Dollar Rebounds After BoJ Disappoints

  • Post author:admin
  • Post published:September 23, 2024
  • Post category:news
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The BoJ kept rates on hold on Friday and gave no clear guidance on future rate hikes. Market participants estimate a 49% chance of another big Fed tapering in November.…

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Read more about the article USD/CAD Weekly Forecast: Fed Joins BoC in Rate Cut Race

USD/CAD Weekly Forecast: Fed Joins BoC in Rate Cut Race

  • Post author:admin
  • Post published:September 22, 2024
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The Fed cut rates by 50 bps, kicking off the easing cycle with a bang. Inflation in Canada eased more than expected on a monthly basis. Canadian retail sales jumped,…

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Read more about the article AUD/USD Weekly Forecast: Fed-RBA Divergence Pushes Bulls

AUD/USD Weekly Forecast: Fed-RBA Divergence Pushes Bulls

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  • Post published:September 22, 2024
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The US central bank implemented its first rate cut on Wednesday, sending the dollar sinking. Australian employment data showed faster-than-expected job growth. Market participants will focus on the Reserve Bank…

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Read more about the article GBP/USD Outlook: Fed-BoE Divergence Boosts Sterling

GBP/USD Outlook: Fed-BoE Divergence Boosts Sterling

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  • Post published:September 20, 2024
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The US dollar remained fragile on Friday following Wednesday's FOMC policy meeting. Data on Thursday showed that US jobless claims fell significantly. The Bank of England kept interest rates unchanged…

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Read more about the article USD/JPY Price Analysis: Yen Plunges as Ueda Dodges Hike Signals

USD/JPY Price Analysis: Yen Plunges as Ueda Dodges Hike Signals

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  • Post published:September 20, 2024
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Japan's central bank met on Friday and decided to keep interest rates unchanged. Ueda's post-meeting speech contained little on future rate hikes. The US central bank cut borrowing costs by…

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