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Tag: trade forex

USD/CAD Outlook: Canadian Dollar Surges Despite Falling Oil

On Friday, oil prices temporarily increased after the initial shock that Israel had attacked Iran. Economic data points to more upside potential for the USD/CAD...

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GBP/USD Price Rebounds as UK Inflation Remains Hot

The bearish pressure remains high as long as it stays below the median line. A new higher high activates a larger rebound. The price action...

EUR/USD Forecast: Dollar Eases After Impressive Surge

Powell’s speech lacked indications of when rate cuts would begin. The Bank of America revised its outlook and expects the first Fed cut in December...

EUR/USD Price Finds Life Amid Upbeat Eurozone Data

Falling to reach 1.06, announced exhausted sellers. The fundamentals should be decisive today. Taking out 1.0665 activates a larger growth. The EUR/USD price is trading in...

USD/JPY Price Analysis: Yen Marks 3-Decade Lows Against Dollar

Data on Monday revealed a bigger-than-expected 0.7% increase in US retail sales. Fed policymakers have gradually lost confidence in their progress toward lowering inflation. Japanese officials...

AUD/USD Weekly Forecast: Aussie Tumbles Amid Dollar Rally

By Friday, investors were still absorbing the US CPI report. Investors believe the Fed will implement the first rate cut in September. Next week, Australia will...

GBP/USD Weekly Forecast: Fed’s Delayed Cut Weighs on Pound

The dollar rallied amid a drop in rate cut expectations. Markets now predict only two Fed rate cuts this year. Next week, investors will focus on...

EUR/USD Price Analysis: Euro Tumbles Amid ECB’s Cut in June

An ECB poll of economists confirmed that inflation in the Eurozone will decline to 2%. The ECB held rates on Thursday and signaled the first...

USD/CAD Outlook: Bullish as BoC-Fed Divergence Widens

Headline US inflation rose 0.4% monthly and 3.5% on an annual basis. Investors now expect the first Fed cut in September. Governor Tiff Macklem said that...

Gold Price Tumbles After US Inflation, Focus on US PPI

The downside pressure is high after escaping from the flag pattern. The pivot point is seen as a potential target. The ECB Press Conference and the...

Gold Price Maintains Up Bias with Focus on US CPI, FOMC

The gold price remains bullish as long as it stays above 2,338. The US data should show sharp movements. Only a new higher high activates further...

USD/CAD Forecast: Rate Cut Bets Surge Ahead of US CPI

Analysts expect the headline US inflation figure to have slowed to 0.3% in March. The likelihood of a Fed cut in June rose to 58%.  Traders...

USD/CHF Price Recovers Above 0.90, Focus on US CPI

The USD/CHF pair seems overbought after failing to hit the upper median line. The fundamentals could change the sentiment on Wednesday. Failing to take out the...

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