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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

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  • 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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Read more about the article EUR/USD Price Analysis: Euro Firm Amid ECB’s Unclear Path

EUR/USD Price Analysis: Euro Firm Amid ECB’s Unclear Path

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  • Post published:June 7, 2024
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The European Central Bank lowered interest rates for the first time since 2019. The ECB's Lagarde refrained from committing to a path of interest rate cuts. There was caution ahead…

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Read more about the article USD/JPY Outlook: Japan’s Q1 Contraction Milder than Expected

USD/JPY Outlook: Japan’s Q1 Contraction Milder than Expected

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  • Post published:June 7, 2024
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Japan's economy likely contracted less than expected in the March quarter. The dollar traded near an 8-week low on heightened expectations of a rate cut. Investors are eagerly awaiting the…

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Read more about the article USD/CAD Outlook: BoC Rate Cut Leaves Loonie Vulnerable

USD/CAD Outlook: BoC Rate Cut Leaves Loonie Vulnerable

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  • Post published:June 6, 2024
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The Bank of Canada became the first G7 central bank to cut interest rates. Markets expect a rate cut in Canada of 77 basis points this year. The probability of…

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Read more about the article EUR/USD Forecast: Steady Ahead of Pivotal ECB Meeting

EUR/USD Forecast: Steady Ahead of Pivotal ECB Meeting

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  • Post published:June 6, 2024
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Markets are almost certain that the European Central Bank will cut rates today. The Bank of Canada has opened the door to more global interest rate cuts. Data from the…

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Read more about the article USD/CAD Forecast: Loonie Slips as BoC Rate Cut Looms

USD/CAD Forecast: Loonie Slips as BoC Rate Cut Looms

  • Post author:admin
  • Post published:June 5, 2024
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Recent data revealed weaker-than-expected growth in Canada. Markets have a 75% chance the BoC will cut rates on Wednesday. Oil fell as traders worried about a looming increase in supply.…

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Read more about the article AUD/USD Price Analysis: Surges Despite Lackluster GDP Figures

AUD/USD Price Analysis: Surges Despite Lackluster GDP Figures

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  • Post published:June 5, 2024
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Australia's economy slowed in the first quarter due to a drop in consumer spending. There is still little chance that the RBA will lower rates this year. US employment data…

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Read more about the article GBP/USD Outlook: Dollar Struggles Near Lows After Dismal PMI

GBP/USD Outlook: Dollar Struggles Near Lows After Dismal PMI

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  • Post published:June 4, 2024
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The data revealed a further contraction in the US manufacturing sector. Traders are pricing in a 59.1% chance of a Fed rate cut in September. Surveys showed a drop in…

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Read more about the article USD/JPY Price Analysis: Yen Soars on Rising Rate Hike Bets

USD/JPY Price Analysis: Yen Soars on Rising Rate Hike Bets

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  • Post published:June 4, 2024
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The Japanese government is likely to warn of the effects of a weak yen in its economic policy roadmap. Business activity in the US manufacturing sector decreased in May. Markets…

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