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Read more about the article AUD/USD Forecast: Dollar Retreats Ahead of Powell Testimony

AUD/USD Forecast: Dollar Retreats Ahead of Powell Testimony

  • Post author:admin
  • Post published:March 6, 2024
  • Post category:news
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Market participants are eagerly awaiting Powell's speech before Congress. The US released data that revealed weaker growth in the services sector. Data from Wednesday show that Australia had slower economic…

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Read more about the article Gold Price Soars as Dollar Weakens, Eyes on US Data

Gold Price Soars as Dollar Weakens, Eyes on US Data

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  • Post published:March 5, 2024
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The price of gold is bullish as long as it is above the upper median line (uml). Removing the current resistance level activates further growth. Fundamentals should be decisive tomorrow.…

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Read more about the article USD/CAD Outlook: Weaker Oil Weighs on Loonie, Eyes on BoC

USD/CAD Outlook: Weaker Oil Weighs on Loonie, Eyes on BoC

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  • Post published:March 5, 2024
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Oil prices fell on demand concerns after China's disappointing pledge to improve its weak economy. Traders are preparing for the Bank of Canada's monetary policy decision. There is a 64%…

Continue ReadingUSD/CAD Outlook: Weaker Oil Weighs on Loonie, Eyes on BoC
Read more about the article AUD/USD Price Analysis: Chinese News Weigh Down Aussie

AUD/USD Price Analysis: Chinese News Weigh Down Aussie

  • Post author:admin
  • Post published:March 5, 2024
  • Post category:news
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China has decided to stick to its 5% economic growth target. In Q4, there was a significant increase in Australia's current account surplus. Markets are eagerly awaiting Powell's testimony on…

Continue ReadingAUD/USD Price Analysis: Chinese News Weigh Down Aussie
Read more about the article EUR/USD Price Challenging Key Levels, Focus on ECB

EUR/USD Price Challenging Key Levels, Focus on ECB

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  • Post published:March 4, 2024
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The exit of the EUR/USD price from the current range can bring us a clear direction. US data should move the rate tomorrow. False breakouts through the upper median line…

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Read more about the article GBP/USD Outlook: Bullish Momentum Ahead of Key Data

GBP/USD Outlook: Bullish Momentum Ahead of Key Data

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  • Post published:March 4, 2024
  • Post category:news
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UK house prices rose in February for the first time in more than a year. BoE chief economist Hugh Peel said he did not expect a rate cut anytime soon.…

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Read more about the article USD/JPY Forecast: Yen Retreats Following Ueda’s Remarks

USD/JPY Forecast: Yen Retreats Following Ueda’s Remarks

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  • Post published:March 4, 2024
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The BoJ's Ueda said it was too early to say that inflation in Japan would soon reach the 2% target. Markets remain uncertain about the outcome of the BoJ policy…

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Read more about the article EUR/USD Weekly Forecast: ECB to Cut Rates as Inflation Cools

EUR/USD Weekly Forecast: ECB to Cut Rates as Inflation Cools

  • Post author:admin
  • Post published:March 2, 2024
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The annual US PCE figure points to a gradual decline in inflation. Bets on a June Fed rate cut rose above 65%. Inflation data in countries such as Germany, France…

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Read more about the article USD/CAD Weekly Forecast: Dollar Resilient Ahead of US NFP

USD/CAD Weekly Forecast: Dollar Resilient Ahead of US NFP

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  • Post published:March 2, 2024
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Crude oil inventories rose more than expected last week. GDP data from Canada showed a stronger-than-expected expansion in the fourth quarter. Market participants will be watching the outcome of the…

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Read more about the article EUR/USD Price Analysis: Euro Slides on Easing German Inflation

EUR/USD Price Analysis: Euro Slides on Easing German Inflation

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  • Post published:March 1, 2024
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Inflation in Germany, the largest economy of the Eurozone, rose by 2.7 percent more slowly on an annual basis. Economists believe that core inflation in the Eurozone remains stubborn. Bets…

Continue ReadingEUR/USD Price Analysis: Euro Slides on Easing German Inflation
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