USD/JPY Outlook: Dollar Shines on Rate Cut Outlook
The USD/JPI pair rose well above the $152 level. Haven demand for the dollar increased after Iran attacked Israel over the weekend. Investors are now watching the $155 level for…
The USD/JPI pair rose well above the $152 level. Haven demand for the dollar increased after Iran attacked Israel over the weekend. Investors are now watching the $155 level for…
Data from the US last week indicated higher-than-expected inflation in the country. Investors have pushed back the possible timing of the Fed's first tapering to July or September. Canada's economy…
By Friday, investors were still soaking up the US CPI report. Investors believe the Fed will implement its first rate cut in September. Next week, Australia will reveal the state…
The dollar strengthened amid falling expectations of a rate cut. Markets now predict just two Fed rate cuts this year. Next week, investors will focus on retail sales data from…
Bias remains bullish despite minor dips. The bear formation is far from confirmed. A new lower low activates a corrective phase. The price of USD/JPI rose to 153.38 today, marking…
An ECB survey of economists confirmed that inflation in the eurozone will fall to 2%. The ECB kept interest rates on hold on Thursday and hinted at the first rate…
The UK economy grew in February, indicating a gradual exit from a shallow recession. After the US inflation report, investors changed their outlook for a Fed rate cut. Traders pushed…
The US released another higher-than-expected inflation reading. Investors have pushed back the timing of the Fed's first rate cut to September. Markets are almost entirely pricing in the ECB's first…
Bottom pressure is high after breaking out of the flag pattern. The pivot point is seen as a potential target. ECB press conference and US data should move course. The…
US headline inflation rose 0.4% month-on-month and 3.5% year-on-year. Investors now expect the Fed's first tapering in September. Governor Tiff Macklem said the BoC is likely to cut rates in…