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Read more about the article AUD/USD Forecast: Dollar Bounces Back Post-FOMC

AUD/USD Forecast: Dollar Bounces Back Post-FOMC

  • Post author:admin
  • Post published:June 13, 2024
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The dollar fell on Wednesday after weaker-than-expected consumer inflation data. Fed policymakers had forecast just one rate cut in 2024. Data on Thursday showed a stronger-than-expected rise in Australian employment…

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Read more about the article GBP/USD Outlook: Pound Retreats After CPI-Led Gains

GBP/USD Outlook: Pound Retreats After CPI-Led Gains

  • Post author:admin
  • Post published:June 13, 2024
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Data showed that US consumer prices were unchanged in May. Experts believe that the decline in inflation could continue as major US retailers cut prices on goods. After the inflation…

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Read more about the article USD/CAD Forecast: Loonie Gains on Upbeat Oil Demand

USD/CAD Forecast: Loonie Gains on Upbeat Oil Demand

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  • Post published:June 12, 2024
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The EIA updated its demand growth forecasts to project a more positive outlook. A larger-than-expected drop in US crude inventories signaled rising demand. Investors are positioning for the US CPI…

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Read more about the article GBP/USD Price Analysis: Investors on Edge Before US Inflation

GBP/USD Price Analysis: Investors on Edge Before US Inflation

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  • Post published:June 12, 2024
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Investors were cautious ahead of the US inflation report and the FOMC policy meeting. Economists expect headline inflation to fall from 0.3% to 0.1% in May. GDP data on Wednesday…

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Read more about the article USD/JPY Price Analysis: Bulls Cheer as US Inflation Data Looms

USD/JPY Price Analysis: Bulls Cheer as US Inflation Data Looms

  • Post author:admin
  • Post published:June 11, 2024
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Investors shifted their focus to upcoming consumer inflation numbers. Economists expect softer US inflation numbers this month. Sentiment in Japan's service sector fell in May. USD/JPI price analysis shows strong…

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Read more about the article AUD/USD Outlook: Dollar Steadies Ahead of CPI, FOMC

AUD/USD Outlook: Dollar Steadies Ahead of CPI, FOMC

  • Post author:admin
  • Post published:June 11, 2024
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The dollar remained strong after a recent rise in Treasury yields. All eyes are on the CPI report and the Fed meeting. Data from Australia on Tuesday revealed weaker business…

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Read more about the article USD/CAD Forecast: Robust NFP Report Sends Dollar Higher

USD/CAD Forecast: Robust NFP Report Sends Dollar Higher

  • Post author:admin
  • Post published:June 10, 2024
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The US created more jobs in May than economists had predicted. The unemployment rate in the US rose from 3.9% to 4.0%. The Fed's total rate cuts expected this year…

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Read more about the article EUR/USD Outlook: Breaks 1.08 Amid Political Uncertainty

EUR/USD Outlook: Breaks 1.08 Amid Political Uncertainty

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  • Post published:June 10, 2024
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There were political tensions after French President Emmanuel Macron called for early elections. The euro suffered while the dollar strengthened after Friday's non-farm payrolls report. Markets have reduced expectations for…

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Read more about the article AUD/USD Weekly Forecast: Bears Takeover, Focus on US CPI

AUD/USD Weekly Forecast: Bears Takeover, Focus on US CPI

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  • Post published:June 9, 2024
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U.S. job vacancies fell, and private firms hired fewer people in May. The US services sector remained strong despite high borrowing costs. Non-farm payrolls performed better than expected in the…

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Read more about the article USD/JPY Weekly Forecast: Fed Rate Cut Offset by Strong NFP

USD/JPY Weekly Forecast: Fed Rate Cut Offset by Strong NFP

  • Post author:admin
  • Post published:June 8, 2024
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The NFP report showed more than expected job growth in May. Traders lowered rate expectations, which led to a rise in the dollar. Economists expect the headline CPI to remain…

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