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USD/JPY Forecast: Robust US Sales Push Dollar to 1-Month Top

Robust US retail sales data reduced bets on a Fed interest rate cut in March. The likelihood of a rate cut in March has reduced...

USD/JPY Price Challenges 146.5 as Risk Remains Sour

A new higher high validates further growth. The US data should have a big impact during the week. The bias remains bullish as long as it...

EUR/USD Price Analysis: ECB Hawks Alter Outlook on Fed Cuts

Concerns about potential Red Sea ship attacks dampened risk sentiment. Comments from ECB officials opposing early rate cuts cast a shadow on the global rate...

GBP/USD Outlook: British Wage Growth Hits the Brakes in Nov

Data revealed a deceleration in British wage growth throughout November. Markets expect substantial interest rate cuts by the Bank of England this year. Money markets are...

Gold Price Struggling to Retain Gains Above $2,050

The price validated its breakout through the downtrend line. It seems overbought after failing to reach Friday’s high. The Canadian inflation figures should move the...

GBP/USD Weekly Forecast: Fed Hawks to Retain Selling Pressure

US consumer inflation data came in higher than expected. There was a slight improvement in the GDP numbers in the UK. Capital Economics projected a potential...

USD/JPY Price Accumulating Buying at 145.0, Eyes on US PPI

The bias remains bullish as long as it stays above the 50% Fibonacci line. The PPI and Core PPI should move the rate today. After the...

GBP/USD Price Analysis: Investors Digest US CPI Data

US consumer prices rose by 0.3% for the month and registered an annual growth of 3.4%. Traders believe that the BoE’s benchmark rate will decline...

USD/CAD Outlook: Loonie Gains Traction as Oil Rallies

Oil rose after the US and the UK announced air and sea strikes on Houthi military targets in Yemen. US consumer prices rose in December,...

USD/CAD Price Picks Momentum Near 1.3375, Eying US CPI

The bias remains bullish as long as it stays above the median line (ml). Higher inflation should lift the greenback. A new higher high activates...

Gold Price Struggling to Rebound, Eyes on US Inflation

XAU/USD seems determined to return higher as long as it stays above the lower median line. The US inflation data should bring sharp movements tomorrow. Only...

AUD/USD Forecast: Australian Inflation Reaches Two-Year Lows

Australia’s consumer price index rose at an annual pace of 4.3% in November. The soft inflation reinforced the belief that there would be no need...

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