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Tag: forex signals

USD/JPY Price Remains Strong Amid Upbeat US Data

The bias remains bullish as long as it stays above R2. A new higher high activates further growth. Failing to stay above the median line (ml)...

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USD/CAD Price Pauses by 1.3580, Focus on Canadian CPI

The USD/CAD bias is bullish despite minor retreats. The false breakouts signaled exhausted buyers. The Canadian inflation data should bring sharp movements. The USD/CAD price is...

AUD/USD Price Analysis: Aussie Dips as RBA Alters Tone

The RBA held rates but was less hawkish. RBA Governor Michelle Bullock failed to provide clear rate-cut guidance. The dollar was steady ahead of the FOMC...

GBP/USD Outlook: Pound Recovers Ahead of Key Policy Decisions

The pound plunged last week due to a drop in Fed rate cut expectations. The Fed will meet on Tuesday and likely keep rates unchanged. The...

USD/JPY Forecast: Holds Ground Ahead of BoJ, Fed

There is a 39% chance that the BoJ will hike on Tuesday. The Fed will meet on Wednesday and likely hold rates. There is a 57%...

AUD/USD Weekly Forecast: Fed to Adjust Tone Amid High Inflation

Consumer and producer prices rose more than expected. The data showed a smaller-than-expected increase in US retail sales. Investors expect policy decisions in the US and...

USD/JPY Weekly Forecast: Hotter Inflation Fades Rate Cut Odds

US consumer and producer price data revealed a spike in inflation. There was optimism that major companies in Japan would increase wages. Investors will pay attention...

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

Inflation in Germany, the largest Eurozone economy, rose by a slower 2.7% on an annual basis. Economists believe underlying Eurozone inflation remains stubborn. Bets for a...

EUR/USD Price Wobbling Near Resistance, All Eyes on Core PCE

The bias is bearish as long as it stays below the upper median line. The US economic data should bring strong action. Escaping from the up...

AUD/USD Outlook: Aussie Neutral Amid Mixed Economic Signals

Australia’s retail sales recovered at the start of 2024 after falling in December. Australia’s annual sales growth remained low due to high interest rates. Markets were...

Gold Price Turns Bearish Ahead of US GDP, Support at $2,025

A new lower low activates a deeper drop. The US data could bring some action. Escaping from the up channel signaled a new leg down. The...

GBP/USD Forecast: Sellers Emerge Ahead of US Core PCE Data

Investors were positioning themselves ahead of the core PCE price index. Consumer confidence in the US fell amid fears about the economy’s outlook. Economists expect the...

EUR/USD Price Showing Exhaustion Signs Under 1.0800

Taking out the downtrend line activates larger growth. The Canadian inflation data should have an impact tomorrow. The bias remains bearish as long as it stays...

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