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Read more about the article AUD/USD Price Analysis: Bears Dominate Despite Hawkish RBA

AUD/USD Price Analysis: Bears Dominate Despite Hawkish RBA

  • Post author:admin
  • Post published:August 6, 2024
  • Post category:news
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The RBA kept interest rates unchanged on Tuesday and reduced hopes of a cut this year. The probability of an RBA rate cut in November fell from 88% to 55%.…

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Read more about the article USD/JPY Outlook: Dollar Rebounds on Upbeat PMI Data

USD/JPY Outlook: Dollar Rebounds on Upbeat PMI Data

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  • Post published:August 6, 2024
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Investors were panicking on Monday that the US economy was headed for recession. The ISM reported that the services PMI rose from 48.8 in June to 51.4 in July. Markets…

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Read more about the article GBP/USD Outlook: Struggling Under 1.28 Amid Risk-off Tone

GBP/USD Outlook: Struggling Under 1.28 Amid Risk-off Tone

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  • Post published:August 5, 2024
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Traders rushed for safety amid fears of a US recession. Data on Friday revealed a sharp slowdown in US job growth in July. The pound remained fragile after the Bank…

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Read more about the article USD/JPY Forecast: Hits 7-Month Low Amid US Recession Fears

USD/JPY Forecast: Hits 7-Month Low Amid US Recession Fears

  • Post author:admin
  • Post published:August 5, 2024
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The US economy added 114,000 jobs, below estimates of 175,000. The probability of a September Fed tapering of 50 bps rose to 80%. Tensions continued in the Middle East with…

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Read more about the article USD/CAD Weekly Forecast: Stronger Dollar Amid Geopolitics

USD/CAD Weekly Forecast: Stronger Dollar Amid Geopolitics

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  • Post published:August 4, 2024
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The US manufacturing PMI fell from 48.5 in June to 46.8 in July. US job growth slowed in July. The dollar remained strong on safe-haven demand. The weekly USD/CAD forecast…

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Read more about the article AUD/USD Weekly Forecast: RBA Cut Odds Rise Amid Cooling CPI

AUD/USD Weekly Forecast: RBA Cut Odds Rise Amid Cooling CPI

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  • Post published:August 3, 2024
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Australia's CPI showed cooler-than-expected underlying price pressures. Business activity in the US manufacturing sector fell to the lowest level in the last 8 months. US non-farm payrolls missed forecasts. The…

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Read more about the article GBP/USD Outlook: Pound Plummets as BoE Lowers Rates

GBP/USD Outlook: Pound Plummets as BoE Lowers Rates

  • Post author:admin
  • Post published:August 2, 2024
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The Bank of England kicked off a cycle of interest rate cuts on Thursday with a quarter-point cut. The US ISM manufacturing PMI fell to an 8-month low of 46.8…

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Read more about the article USD/JPY Price Analysis: Yen Soars After BoJ, Economic Turmoil

USD/JPY Price Analysis: Yen Soars After BoJ, Economic Turmoil

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  • Post published:August 2, 2024
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The yen's gains extended in August as investors raised bets on a Fed rate cut. Business activity in the US manufacturing sector fell to an eight-month low. Markets were pricing…

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Read more about the article USD/CAD Outlook: Surges Amid Escalating Middle East Tensions

USD/CAD Outlook: Surges Amid Escalating Middle East Tensions

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  • Post published:August 1, 2024
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Iran has killed the leader of Hamas, escalating tensions in the Middle East. The Fed has opened the door for a September rate cut. The data revealed a stronger-than-expected expansion…

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Read more about the article EUR/USD Forecast: Bears Takeover Amid Risk-off Sentiment

EUR/USD Forecast: Bears Takeover Amid Risk-off Sentiment

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  • Post published:August 1, 2024
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The dollar rose as geopolitical tensions escalated in the Middle East. The Fed kept rates on hold but opened the door to a rate cut in September. Eurozone inflation rose…

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