GBP/USD Price Analysis: Pound Surges on Positive PMI
Britain's composite PMI rose to 54.0 in April from 52.8 in March. The BoE's chief economist, Hugh Peel, said a rate cut remains a long way off. US business activity…
Britain's composite PMI rose to 54.0 in April from 52.8 in March. The BoE's chief economist, Hugh Peel, said a rate cut remains a long way off. US business activity…
Australia's CPI rose 1% in Q1, beating estimates for a 0.8% increase. There is a 4% chance of an RBA hike in August. PMI data showed a decline in business…
Tuesday's data revealed a big jump in the eurozone's services sector. The ECB's Luis de Guindos confirmed the June rate cut. Any difference in policy between the Fed and the…
There is a greater chance of intervention after Japan meets with the US and South Korea. The BoJ is poised to raise rates to support the yen. The decline in…
A breakout from the upper channel heralded a potential leg down. Removing immediate negative obstacles opens the door for more falls. US data could change sentiment in the short term.…
On Friday, oil prices rose temporarily after the initial shock that Israel had attacked Iran. Economic data points to higher upside potential for the USD/CAD pair. Markets expect the Bank…
The risk of UK inflation stalling above the central bank's target has receded. UK inflation fell to 3.2% in March from 3.4% the previous month. UK services inflation remained relatively…
US retail sales beat forecasts and rose 0.7% in March. Fed officials have become more cautious about the timing of rate cuts. Ueda said the BoJ will raise rates if…
The weekly AUD/USD forecast is overshadowed by strong US retail sales data and worsening risk sentiment. Poor employment data from Australia and tensions from the Middle East weighed on Aussies.…
Investors shunned risky assets on Friday amid fears of an escalating Middle East war. In March, Australians lost 6,600 jobs. Markets are giving a 65% chance of the first RBA…