Australia’s inflation eased from 2.7% to 2.1% annually. The US economy added 12,000 jobs, well below the forecast of 106,000. Traders will watch the RBA and Fed policy meetings. The AUD/USD weekly forecast indicates uncertainty ahead of a busy week with the US presidential election and RBA rate decision. Ups and downs of AUD/USD The... The post...
The US economy expanded by 2.8%, below estimates of 3.0%. The US reported dismal job growth in October. Market participants will focus on the Bank of England policy meeting. The GBP/USD weekly forecast supports further downside with the looming BoE rate cut and the US presidential election. Ups and downs of GBP/USD The pound had... The post GBP/USD...
The US economy added only 12,000 jobs in October. Canada’s economy made no change in August. The US core PCE increased by 0.3%, leaving Fed rate cut bets unchanged. The USD/CAD price analysis shows new bearish sentiment as the dollar collapses after a dismal employment report. Meanwhile, the Canadian dollar is ending October with its... The post...
Data on Thursday showed the core PCE price index increased by 0.3%. US initial jobless claims fell to 216,000, missing estimates of 229,000 claims. Economists are not expecting a rate cut in Australia until next year. The AUD/USD outlook shows a bearish sentiment as the dollar gains ground ahead of the crucial US nonfarm payrolls... The post AUD/USD...
The Bank of Japan kept rates unchanged on Thursday. Japan’s ruling party lost its majority seats. The US dollar paused its rally before the nonfarm payrolls report. The USD/JPY outlook has turned slightly bearish due to an absence of dovish remarks at the Bank of Japan policy meeting. At the same time, the greenback lost... The post USD/JPY Outlook:...
The Bank of Canada will likely remain aggressively dovish. Rising oil prices supported the loonie. The economy expanded by 2.8% in the third quarter. The USD/CAD forecast points to further weakness for the Canadian dollar amid an aggressively dovish Bank of Canada. Meanwhile, the dollar eased slightly after data showed weaker-than-expected US economic...