EUR/USD Weekly Forecast: Fed Rate Cut Probability Rises
The dollar weakened after Powell confirmed the likelihood of a rate cut. The ECB kept interest rates on hold on Thursday, with markets expecting the first rate cut in June.…
The dollar weakened after Powell confirmed the likelihood of a rate cut. The ECB kept interest rates on hold on Thursday, with markets expecting the first rate cut in June.…
There is a better chance that the Fed will cut rates by the end of the year. There is a difference in policy outlook between the Fed and the BoE.…
The USD/JPI bias remains bearish if it remains below the midline (ml). A new lower low triggers more dips. US data could change the mood today. USD/JPI saw a huge…
China's crude oil imports rose in the first two months of this year. Data from Canada showed a larger-than-expected trade surplus in January. The US dollar weakened significantly after Powell's…
Powell was more confident that the Fed will cut interest rates this year. The ECB kept interest rates on hold on Thursday and prepared for its first rate cut in…
Bias is bullish despite minor pullbacks. R3 is considered a potential target. The ECB could change its mood today. The price of gold has extended its rally and is trading…
Governor Tiff Macklem has dampened expectations that the central bank will start cutting rates soon. The probability of a BoC rate cut in April fell to 23% from 43%. Oil…
Markets are more optimistic that the BoJ will end negative rates in March. Most economists expect the Bank of Japan to end negative interest rates in April. US job openings…
Staying close to the upper middle line signaled an imminent breakout. R2 represents a potential target. BPC and US data should have a big impact today. EUR/USD is trading in…
Inflation in Tokyo accelerated again in February, surpassing the Bank of Japan's targets. Policymakers in Japan noted that the economy is recovering moderately and that the wage outlook is improving.…