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Read more about the article GBP/USD Forecast: Pound Crawls Higher Amid Positive PMI Data

GBP/USD Forecast: Pound Crawls Higher Amid Positive PMI Data

  • Post author:admin
  • Post published:July 24, 2024
  • Post category:news
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Business activity in Britain's manufacturing sector improved more than expected. Last week, the pound hit a one-year high as bets on a BoE rate cut fell. Economists expect the US…

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Read more about the article USD/CAD Price Analysis: BoC’s Rate Cut Hopes Trigger Buying

USD/CAD Price Analysis: BoC’s Rate Cut Hopes Trigger Buying

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  • Post published:July 24, 2024
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BoC policymakers are under more pressure to cut rates than other major central banks. Economists predict two rate cuts in the US this year. Ludi came under pressure when oil…

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Read more about the article USD/JPY Outlook: Yen Soars on BoJ Meeting Anticipation

USD/JPY Outlook: Yen Soars on BoJ Meeting Anticipation

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  • Post published:July 23, 2024
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Toshimitsu Motegi said the BoJ should be clear about raising rates. Economists expect another quarter-point increase from the Bank of Japan. US President Joe Biden has finished campaigning for the…

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Read more about the article AUD/USD Price Analysis: Sliding After PBOC Rate Cut Surprise

AUD/USD Price Analysis: Sliding After PBOC Rate Cut Surprise

  • Post author:admin
  • Post published:July 23, 2024
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China unexpectedly cut rates to boost economic growth. The economic situation in China remains bleak. This week, investors will focus on PMI, GDP and inflation data from the US. AUD/USD…

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Read more about the article USD/CAD Outlook: Bulls Gather Traction Ahead of BoC

USD/CAD Outlook: Bulls Gather Traction Ahead of BoC

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  • Post published:July 22, 2024
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The USD/CAD outlook is upbeat as Canadian retail sales fell 0.8% in May. The BoC is likely to cut rates by 25 basis points on Wednesday. A Trump victory would…

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Read more about the article GBP/USD Forecast: Pound Weakened on Dismal Retail Sales

GBP/USD Forecast: Pound Weakened on Dismal Retail Sales

  • Post author:admin
  • Post published:July 22, 2024
  • Post category:news
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Great Britain released data showing that sales fell by 1.2%. Markets have discounted the chances of a BoE cut in August due to still high services inflation. Joe Biden announced…

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Read more about the article EUR/USD Weekly Forecast: Fed Confident in Taming Inflation

EUR/USD Weekly Forecast: Fed Confident in Taming Inflation

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  • Post published:July 21, 2024
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Powell indicated that policymakers were more confident about lowering inflation. The US reported better-than-expected sales in June. The ECB kept rates on hold but gave no clear guidance on the…

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Read more about the article USD/CAD Weekly Forecast: Buyers Emerge Amid BoC’s Rate Cut

USD/CAD Weekly Forecast: Buyers Emerge Amid BoC’s Rate Cut

  • Post author:admin
  • Post published:July 20, 2024
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Data on Tuesday showed upbeat US retail sales, pointing to resilience. Inflation in Canada eased more than expected, fueling bets for a July rate cut. The Bank of Canada is…

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Read more about the article USD/JPY Price Analysis: BoJ’s Uncertainty Weighs on Yen

USD/JPY Price Analysis: BoJ’s Uncertainty Weighs on Yen

  • Post author:admin
  • Post published:July 19, 2024
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The Japanese government has lowered this year's growth estimates. A Reuters poll on Friday suggested the BoJ would hold off on a July hike. Core inflation in Japan accelerated in…

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Read more about the article EUR/USD Outlook: Euro Slides After ECB’s Uncertain Outlook

EUR/USD Outlook: Euro Slides After ECB’s Uncertain Outlook

  • Post author:admin
  • Post published:July 19, 2024
  • Post category:news
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The ECB has not given clear guidance on the prospects for interest rate cuts. Economists believe there will be two more rate cuts in the Eurozone this year. US jobless…

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