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Tag: US Initial Jobless Claims

GBP/USD trades with a mild negative near 1.2640, eyes on US NFP data, geopolitical risks

GBP/USD trades with mild losses near 1.2640 on the USD’s recovery on Friday. The US weekly Initial Jobless Claims rose last week to the highest...

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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...

USD/JPY Outlook: Yen Soars Amid Japanese Officials’ Concerns

Officials in Japan got concerned when the USD/JPY crossed above the $150 level. Data from Japan on Thursday revealed a recession in the last part...

EUR/USD Outlook: Euro Recovers as ECB Policy Meeting Looms

Investors eagerly awaited the US GDP report. The ECB will likely maintain steady rates. Markets currently indicate a 43% probability of a Fed cut in March,...

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...

EUR/USD Outlook: Bulls Emerge After Dovish Fed, Eyes on ECB

The European Central Bank is poised to hold historically high borrowing costs. Investor expectations suggest a possible ECB rate cut in the spring. The Fed recently...

EUR/USD Outlook: Euro Slips to 3-Week Low on Rate Cut Bets

Traders bet on the ECB starting rate cuts from March 2024. The euro is down 1% this week, marking its most significant weekly decline since...

GBP/USD Forecast: Pound Retains Bid Tone at 10-Week Top

The Fed’s minutes failed to change expectations of looming rate cuts. Bank of England Governor Bailey highlighted the risks of sustained inflation growth. Markets are pricing...

GBP/USD Weekly Forecast: Poised to Gain in Thanksgiving Week

The GBP/USD weekly forecast is bullish as the pair ended the challenging week marking a 2-week top around 1.2500. The pair’s trajectory hinges on...

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