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Tag: US Unemployment Claims

EUR/USD Price Analysis: Gaining Amid Fed’s Dovish Comments

Powell noted significant progress on inflation in the US. There was an unexpected jump in US job openings in May. Eurozone inflation fell last month, but...

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AUD/USD Forecast: Dollar Bounces Back Post-FOMC

The dollar plunged on Wednesday after softer-than-expected consumer inflation data. Fed policymakers projected only one rate cut in 2024. Data on Thursday showed a bigger-than-expected increase...

USD/CAD Outlook: BoC Rate Cut Leaves Loonie Vulnerable

The Bank of Canada became the first G7 central bank to lower interest rates. Markets are expecting 77 basis points of rate cuts in Canada...

EUR/USD Forecast: Steady Ahead of Pivotal ECB Meeting

Markets are nearly sure that the European Central Bank will cut rates today. The Bank of Canada opened the door to more global rate cuts.  Data...

GBP/USD Outlook: Pound Unmoved by Mixed PMI Data

The UK manufacturing sector jumped from contraction to expansion. Business activity in the UK services sector fell from 55.0 to 52.9. Prime Minister Rishi Sunak announced...

EUR/USD Forecast: Euro Rebounds on Strong German PMI Data

Data showed better-than-expected PMI figures for Germany. ECB president Lagarde is very confident inflation is under control. Fed meeting minutes revealed some hawkish sentiments among policymakers. The...

USD/JPY Forecast: Yen Surges on Another Possible Intervention

There is a high chance that Japanese authorities intervened again to support the yen. Powell maintained that the Fed was still looking to cut interest...

USD/JPY Price Analysis: Yen’s Demand Soars After Israel Attack

There were reports that Israel had attacked Iran in retaliation. Ueda said the BoJ might have to hike rates if the yen continues falling. US unemployment...

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...

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...

EUR/USD Price Faces Bearish Pressure Ahead of US NFP

The US economic data should move the rate. Taking out the upper median line activates further growth. Failing to stay above 1.0864 announced exhausted buyers. The EUR/USD...

USD/CAD Outlook: Dollar Drops as Unemployment Claims Surge

US unemployment claims rose more than expected last week. Data revealed a slowdown in the US services sector. Oil prices rose on Thursday amid supply concerns. The...

USD/JPY Price Looking for Bullish Continuation, Eyes on US NFP

The bias is bullish, so further growth is possible. The US data should be decisive tomorrow. Only taking out the 151.00 psychological level activates a correction. The...

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