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AUD/USD Price Overbought Around 0.71, Eying Powell, US PMI

The AUD/USD pair could register a new sell-off after making a valid breakdown below the sl1. Only a new higher high may signal an upside continuation. The US data could be decisive today. The AUD/USD price is trading in the red at 0.7091, at the time of writing. As you already know, the price developed … Continued The post AUD/USD Price Overbought...

GBP/USD Price Surges Despite BoE’s Less Hawkishness, Eying Powell

The weaker dollar is pushing GBP/USD higher. The Bank of England is expected to raise interest rates at least twice this year. The GBP/USD bulls pushed the pair back above 1.2500. Monday saw the GBP/USD price close on a bullish candle. Most of this move is attributed to the weaker dollar as investors run to … Continued The post GBP/USD Price Surges...

EUR/USD Price Aiming Back to 1.1000 amid Weak USD, Eying ECB

EUR/USD bulls have taken over and brought back bullish momentum. Lagarde’s hawkish sentiments are pushing the pair higher. Today will be a volatile day for the EUR/USD as Lagarde is expected to speak. Due to Germany’s favorable business climate data, Monday saw the EUR/USD price pushing up and closing on a large-bodied bullish candle. It … Continued...

USD/CAD Price Stuck in a Range as Oil Consolidates, USD Corrects

Higher crude oil prices are pushing the USD/CAD lower. China’s opening-up will boost oil demand and push the pair lower. A weak dollar also supports lower prices. The USD/CAD price ticks lower as Monday morning has seen crude oil prices tick higher amid the dollar’s weakness. Oil strength bodes well for the Canadian dollar as … Continued The post...

EUR/USD Price Needs Momentum to Clear Key Hurdle at1.0600

A battle between bears and bulls at 1.0600. Price may consolidate as it did on Friday. German data is expected to make the pair volatile. The EUR/USD price closed on Friday with a small-bodied bearish candle showing that the price was consolidating. Traders are waiting for something fundamentally significant to encourage more buyers to place … Continued...

AUD/USD Weekly Forecast: RBA’s Bigger Rate Hike Expected in June

Inflation is pushing the RBA to increase interest rates. Low US GDP could push AUD/USD higher. The bears show possible weakness in the charts. The AUD/USD weekly forecast is bullish as the pair closed on a solid bullish candle for the first time in about seven weeks. This bullish candle could start a bullish trend … Continued The post AUD/USD Weekly...

EUR/USD Weekly Forecast: Possible ECB Rate Hikes Favor Bulls

The FOMC meeting minutes could make EUR/USD volatile. The European Central Bank is expected to start raising interest rates. The US GDP is expected to hold at -1.4%. The EUR/USD weekly forecast remains slightly positive as the price closed on a bullish candle this past week. It was a week full of activity. Now, we … Continued The post EUR/USD Weekly...

AUD/USD Forecast: China’s Softness on Restriction Aiding Aussie Bulls

The AUD/USD held as unemployment data comes in as expected. The possible beginning of the end of the dollar rise. The reopening of China favors AUDUSD. The AUD/USD forecast is slightly positive as the US dollar has been correcting lower; as a result, lending support to the Aussie. –Are you interested in learning more about … Continued The post AUD/USD...

EUR/USD Price Lacking Follow-through Under 1.0600 amid Firm USD

EURUSD is consolidating around 1.0580 Is the dollar still a safe haven? ECB is on the path to raising interest rates. As of Friday morning in Europe, the EUR/USD price was hovering around 1.0580 after experiencing a bullish day yesterday. The debate among investors is whether prices can get to parity. Is it possible for … Continued The post EUR/USD...

GBP/USD Outlook: Buyers Challenging 1.2500 as USD Corrects Lower

GBP/USD price gains above 1.2500 as the US dollar corrects lower. The US dollar continues to fall, and DXY fell 1% to a two-week low. Wall Street’s recovery subsided, with the Dow Jones at 1.10%. The GBP/USD outlook turned bullish on Thursday after recovering fully from Wednesday’s decline, though the stock market is still down … Continued The post...

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