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Read more about the article USD/JPY Forecast: All Eyes on Inflation Reports from US, Japan

USD/JPY Forecast: All Eyes on Inflation Reports from US, Japan

  • Post author:admin
  • Post published:May 27, 2024
  • Post category:news
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The yen could record its first month of gains in 2024 on suspicion of intervention. The core PCE price index will play a significant role in shaping the Fed's policy…

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Read more about the article GBP/USD Outlook: Declining Rate Cut Bets Boost Pound

GBP/USD Outlook: Declining Rate Cut Bets Boost Pound

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  • Post published:May 27, 2024
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UK sales fell 2.3% in May, beating economists' expectations for a 0.4% drop. The probability of a rate cut by the Bank of England in June is 10%. Investors are…

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Read more about the article USD/CAD Weekly Forecast: Fed-BoC Policy Gap Widening

USD/CAD Weekly Forecast: Fed-BoC Policy Gap Widening

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  • Post published:May 26, 2024
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The Canadian dollar weakened as Canadian inflation eased in May. Some Fed policymakers have called for a rate hike if inflation continues to beat forecasts. Next week, the US and…

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Read more about the article AUD/USD Weekly Forecast: Dollar Gains as Rate Cut Hopes Dim

AUD/USD Weekly Forecast: Dollar Gains as Rate Cut Hopes Dim

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  • Post published:May 25, 2024
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Some policymakers have suggested raising interest rates to tame stubborn inflation. The data revealed improved business activity in the US manufacturing and services sectors. Investors will focus on US GDP…

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Read more about the article USD/CAD Outlook: Policy Outlook Divergence Weakens Loonie

USD/CAD Outlook: Policy Outlook Divergence Weakens Loonie

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  • Post published:May 24, 2024
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The flash US composite output index jumped from 51.3 to 54.4. Inflation in Canada hit a three-year low of 2.7%. The prospect of higher rates in the United States weighed…

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Read more about the article USD/JPY Price Analysis: Soft CPI Dims BoJ Rate Hike Prospects

USD/JPY Price Analysis: Soft CPI Dims BoJ Rate Hike Prospects

  • Post author:admin
  • Post published:May 24, 2024
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Japan's core consumer price index rose by 2.2%, which is a smaller increase than the 2.6% reported in March. The BoJ may not be ready to raise interest rates in…

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Read more about the article EUR/USD Forecast: Euro Rebounds on Strong German PMI Data

EUR/USD Forecast: Euro Rebounds on Strong German PMI Data

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  • Post published:May 23, 2024
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The data showed better than expected PMI values ​​for Germany. ECB President Lagarde is very confident that inflation is under control. Minutes from the Fed meeting revealed some hawkish sentiment…

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Read more about the article GBP/USD Outlook: Pound Unmoved by Mixed PMI Data

GBP/USD Outlook: Pound Unmoved by Mixed PMI Data

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  • Post published:May 23, 2024
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The UK manufacturing sector has jumped from contraction to expansion. Business activity in the UK services sector fell from 55.0 to 52.9. Prime Minister Rishi Sunak announced elections for July…

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Read more about the article USD/CAD Forecast: Canadian Dollar Tumbles on Cooling Inflation

USD/CAD Forecast: Canadian Dollar Tumbles on Cooling Inflation

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  • Post published:May 22, 2024
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Canadian inflation data met forecasts at 2.7%, down from the previous month. There is a 55% chance the BoC will cut rates in June. Fed policymakers remained cautious despite easing…

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Read more about the article GBP/USD Price Analysis: Above Forecast CPI Boosts Pound

GBP/USD Price Analysis: Above Forecast CPI Boosts Pound

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  • Post published:May 22, 2024
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UK inflation fell from 3.2% to 2.3% in April. There is a 50% chance that the BoE will cut rates in June. Investors are waiting for the minutes from the…

Continue ReadingGBP/USD Price Analysis: Above Forecast CPI Boosts Pound
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