Forex Crunch
Economists expect a slight drop in Australia’s inflation, from 3.5% to 3.4%. Investors are only pricing in a 30% chance that the RBA will cut rates in December. Markets are awaiting Friday’s US core PCE price index. The AUD/USD price analysis indicates a resurgence in bullish momentum ahead of inflation data from Australia and the... The post AUD/USD...
ECB’s Francois Villeroy confirmed that the central bank will implement the first rate cut next week. Philip Lane said ECB rate cuts would depend on underlying inflation and demand. Data on Monday revealed that German business morale stagnated in May. The EUR/USD outlook leans bullish as the euro gains despite dovish ECB comments. Markets expect......
UK sales dropped by 2.3% in May, beating economists expectations of a 0.4% drop. The likelihood of a Bank of England rate cut in June is 10%. Investors eagerly await the US core PCE index report. The GBP/USD outlook shows renewed bullish momentum as the pound trades near a two-month high due to a decline... The post GBP/USD Outlook: Declining Rate...
The yen might record its first month of gains in 2024 due to suspected intervention. The core PCE price index will play a significant role in shaping the Fed’s policy outlook. Japan will release the Tokyo CPI report. The USD/JPY forecast remains bullish as investors eagerly await key inflation data from the US and Japan.... The post USD/JPY Forecast:...
The Canadian dollar weakened as Canada’s inflation eased in May. Some Fed policymakers called for rate hikes if inflation continued to beat forecasts. Next week, the US and Canada will release their GDP reports. The USD/CAD weekly forecast shows bullish sentiment as the policy outlook divergence between the Fed and the Canadian dollar widens. Ups......
Some policymakers suggested hiking interest rates to tame stubborn inflation. Data revealed improved business activity in the US manufacturing and services sectors. Investors will focus on the US GDP data next week. The AUD/USD weekly forecast points south as the US dollar recovers amid a decline in Fed rate cut expectations. Ups and downs of... The...
Crea tu propio feed de noticias
¿Listo para probarlo?
Comienza una prueba de 14 días, no es necesaria tarjeta de crédito.