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Read more about the article AUD/USD Price Analysis: Aussie Takes a Hit in the Wake of RBA

AUD/USD Price Analysis: Aussie Takes a Hit in the Wake of RBA

  • Post author:admin
  • Post published:December 5, 2023
  • Post category:news
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RBA kept interest rates unchanged. Bullock stated that the need for further rate increases would depend on incoming data. Analysts attributed the US dollar's upward movement to a correction after…

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Read more about the article Yen Firm Despite Downbeat Tokyo CPI

Yen Firm Despite Downbeat Tokyo CPI

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  • Post published:December 5, 2023
  • Post category:news
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Core inflation in Tokyo slowed in November. Market participants expect a gradual withdrawal of the BOJ's extensive incentives. The BOJ will monitor annual wage negotiations for the coming year and…

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Read more about the article EUR/USD Price Struggles as Dollar Attempts a Recovery

EUR/USD Price Struggles as Dollar Attempts a Recovery

  • Post author:admin
  • Post published:December 4, 2023
  • Post category:news
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The bias is bearish as long as it is below the median line. Friday's low stands as a bad target. The lower midline is seen as the main target. EUR/USD…

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Read more about the article Dollar Mounts a Comeback Post Powell

Dollar Mounts a Comeback Post Powell

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  • Post published:December 4, 2023
  • Post category:news
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Investors awaited a key US jobs report later in the week. Canada added more jobs than expected last month, data showed. Canada's manufacturing sector shrank in November. There was a…

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Read more about the article AUD/USD Forecast: Markets Reflect on Powell’s Cautious Remarks

AUD/USD Forecast: Markets Reflect on Powell’s Cautious Remarks

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  • Post published:December 4, 2023
  • Post category:news
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Powell confirmed that US monetary policy is slowing the economy as expected. There is a 60% chance the Fed will cut rates by March. The Reserve Bank of Australia is…

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Read more about the article Aussie Dips Amid Downbeat CPI

Aussie Dips Amid Downbeat CPI

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  • Post published:December 2, 2023
  • Post category:news
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Australia experienced a larger-than-expected decrease in inflation in October. The dollar was weak as the data supported expectations of a Fed rate cut. The RBA is likely to keep its…

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Read more about the article USD/CAD Weekly Forecast: US Inflation Data Weakens Dollar

USD/CAD Weekly Forecast: US Inflation Data Weakens Dollar

  • Post author:admin
  • Post published:December 2, 2023
  • Post category:news
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US economic data supports the view that the Fed will start cutting rates soon. Canada reported stronger-than-expected employment growth. The BoC is likely to keep its main benchmark rate at…

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Read more about the article EUR/USD Price Analysis: Euro Struggling After Overnight Losses

EUR/USD Price Analysis: Euro Struggling After Overnight Losses

  • Post author:admin
  • Post published:December 1, 2023
  • Post category:news
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Data revealed moderate growth in US consumer spending for October. Investors await comments from Fed Chairman Jerome Powell later on Friday. The data revealed that inflation in the eurozone experienced…

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Read more about the article USD/JPY Price Accumulating Bullish Energy Ahead of US ISM

USD/JPY Price Accumulating Bullish Energy Ahead of US ISM

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  • Post published:December 1, 2023
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The current sideways movement is seen as a bullish formation. The upper middle line (uml) stands as an important target to the upside. US data should bring big action today.…

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Read more about the article USD/CAD Outlook: Bearish Amid Optimistic Canadian GDP

USD/CAD Outlook: Bearish Amid Optimistic Canadian GDP

  • Post author:admin
  • Post published:December 1, 2023
  • Post category:news
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US consumer spending rose moderately in October. The US PCE price index in October showed a slower growth of 3% compared to a year ago. The Canadian economy shrank at…

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