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USD/JPY Price Lacking Bullish Conviction Near 144.0, Eyes on CPI

Activating the flag pattern indicates more gains. A new lower low invalidates the upside scenario. Returning above the median line (ml) signals a larger upward movement....

EUR/USD Price Analysis: Euro Edges Lower with Focus on CPI

Investors were mostly on the sidelines ahead of the US inflation report Investor morale in the eurozone reached its highest level since May. US consumers’ short-term...

Gold Price Under Pressure as Market Awaits US CPI Data

A new lower low activates more declines. The US inflation data should shake the price. False breakdowns may bring a new rally. The gold price is trading...

GBP/USD Outlook: Investors Eye US Inflation for Policy Guidance

Investors waited for more clues on the Fed’s policy outlook in the US inflation report. Business data suggested Britain’s economy was more resilient than feared...

GBP/USD Weekly Forecast: Strong NFP Pours Water on Rate Cuts

Fed policymakers agreed that inflation was under control. US job openings and initial jobless claims fell. Private employment and nonfarm payrolls rose, strengthening the dollar. The GBP/USD...

AUD/USD Weekly Forecast: Dollar Strengthens on Upbeat NFP

The dollar strengthened due to upbeat employment data and reduced rate-cut bets. Analysts indicated that the jobs report means the Fed is unlikely to cut...

USD/CAD Weekly Forecast: BoC-Fed Divergence Favors Bears

The Canadian economy experienced its third consecutive month of sluggish performance. Canada’s annual inflation rate stayed at 3.1% in November. US prices experienced their first decline...

GBP/USD Weekly Forecast: Dollar Falls as Inflation Eases

Data showed that annual US inflation fell further below 3% in November. Figures on Thursday revealed a worsening UK budget situation. Inflation in the UK was...

USD/CAD Outlook: Dollar Near 4-Month Low Ahead of Inflation

Investors are preparing for the US core personal consumption expenditures data. A rebound in US stocks supported the Canadian dollar on Thursday. Canadian retail sales rose...

Gold Price Forms a Bullish Flag, All Eyes on US GDP Data

The US and Canadian data should move the rate today. A new higher high activates further growth. The bias remains bullish as long as it...

Gold Price Turns Soft After Downbeat UK Inflation Figures

Gold could jump higher as long as it stays above the lower median line. A new higher high activates further growth. The US CB Consumer Confidence...

GBP/USD Forecast: Pound Dips After Subpar November CPI

November’s British inflation data fell well below expectations. Markets fully anticipate a 25 basis point Bank of England rate cut in June 2024. Market participants are...

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