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Tag: US Inflation

EUR/USD Forecast: Sellers Regain Amid Political Uncertainty

The announcement of a snap election in France has caused considerable turmoil in the Eurozone. The ECB has remained quiet about supporting French markets. Markets are...

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Japanese Yen loses ground, while US Dollar remains stable ahead of Fed decision

The Japanese Yen edges lower as traders favor the US Dollar ahead of the Fed's interest rate decision. The downside of the JPY may be...

Bitcoin price dips ahead of US inflation report and Fed’s decision on interest rates

Bitcoin’s value dropped below US$67,000 for the first time this month ahead of the U.S. inflation report and the Federal Open Market Committee’s decision...

USD/JPY Price Analysis: Bulls Cheer as US Inflation Data Looms

Investors have shifted their focus to the upcoming consumer inflation numbers. Economists are expecting softer US inflation figures this month. Japan’s service sector sentiment fell in...

AUD/USD Outlook: Dollar Steadies Ahead of CPI, FOMC

The dollar remained strong after the recent surge in Treasury yields. All eyes are on the Consumer Price Index report and the Fed meeting. Data from...

AUD/USD Weekly Forecast: Bears Takeover, Focus on US CPI

US job vacancies dropped, and private firms employed fewer people in May. The US services sector remained robust despite high borrowing costs. The nonfarm payrolls showed...

Gold dives to new monthly lows following strong US employment data

Gold falls to multi-week low after US labor market data exceeds expectations. China’s People’s Bank halts 18-month Gold buying spree, exerts downward pressure on XAU/USD. US...

EUR/USD Weekly Forecast: EU Inflation Rises, US Inflation Falls

Data on Friday revealed hotter-than-expected Eurozone inflation in May. The core PCE price index report revealed a decline in US inflation Investors eagerly await the nonfarm...

USD/CAD Weekly Forecast: BoC Poised for Early Rate Cut

Upbeat consumer confidence data from the US sent the dollar soaring. Canada’s GDP fell from 0.2% to 0.0% on a monthly basis. Markets are pricing a...

Canadian Dollar recovers on Friday despite Canadian GDP miss

Broad-market risk appetite recovers on Friday as US PCE inflation eases. Canada saw a weaker-than-expected rebound in GDP. US PCE inflation cooled further, fueling rate cut...

GBP/USD Price Analysis: Dollar Rises in Wake of Inflation Data

Investors are awaiting the US core PCE price index report for more clues on Fed policy. US GDP data came in lower than expected at...

Mexican Peso recoups earlier losses vs USD after US growth slows

The Mexican Peso reverses earlier losses against the US Dollar after Q1 US GDP is revised down.  Several analysts say MXN has peaked and is...

EUR/USD rebounds strongly as US Dollar weakens ahead of Eurozone/US inflation data

EUR/USD rebounds after slipping below 1.0800 as the US Dollar corrects sharply. The ECB is widely anticipated to deliver a rate-cut move in June’s policy meeting. The...

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