The dollar was higher on Thursday after thin trading in the previous session. The Fed has remained slightly hawkish despite the recent shift in economic data. API data revealed a surge in crude inventories. The USD/CAD outlook is bearish, but the pair has risen slightly ahead of US employment and business activity data, which might... The post USD/CAD...

Headline UK inflation returned to the 2% target for the first time in about three years. Economists expect the first BoE rate cut in August and at least two this year. The likelihood of a Fed cut in September is 67%.  The GBP/USD forecast shows downside potential as the pound declines ahead of the Bank... The post GBP/USD Forecast: Pound Slips as...

UK inflation fell to the 2% BoE target for the first time in almost three years. UK services price inflation increased by 5.7%, more significant than the forecast 5.5%. US data on Tuesday showed soft retail sales in May. The GBP/USD forecast shows a surge in bullish momentum after data from the UK showed that... The post GBP/USD Forecast: Strong...

US sales only increased by 0.1% in May compared to expectations of a 0.3% increase. Markets are pricing in a 67% chance of a Fed cut in September. Economists expect the ECB to cut rates twice more this year. The EUR/USD price analysis shows a slow rebound as the dollar remains fragile after weaker-than-expected retail... The post EUR/USD Price Analysis:...

US retail sales data on Tuesday revealed a smaller-than-expected increase. The Fed has projected only one cut this year. The pound fell ahead of the Bank of England policy meeting. The GBP/USD price analysis pointed south despite a decline in the dollar after retail sales missed forecasts. The pound remained weak as investors prepared for... The...

The Reserve Bank of Australia held rates at 4.35% on Tuesday. Australia’s inflation is at 3.6%, well above the central bank’s target. Economists expect the US retail sales figure to come in at 0.3%. The AUD/USD outlook is slightly bullish as the Aussie edges up after the Reserve Bank of Australia policy meeting. Meanwhile, the... The post AUD/USD...