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...

Japan’s core CPI rose 2.2%, a smaller increase than the 2.6% reported in March. The BoJ might not be ready to hike interest rates in June or July. The dollar surged on Thursday after data showed robust business activity in May. The USD/JPY price analysis shows more upside potential for the pair as Japan’s soft... The post USD/JPY Price Analysis: Soft...

The flash US Composite Output Index jumped from 51.3 to 54.4. Canada’s inflation hit a three-year low of 2.7%. The prospect of higher rates for longer in the US weighed on oil. The USD/CAD outlook points northward as the pair holds near a two-week high on growing policy divergence between the US and Canada. At... The post USD/CAD Outlook: Policy...