Forex Trading with a Personal Touch
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USD/CAD Forecast: Canadian Dollar Tumbles on Cooling Inflation

Canadian inflation data met forecasts of 2.7%, easing from the previous month. There is a 55% chance the BoC will cut rates in June. Fed policymakers have remained cautious despite easing inflation. The USD/CAD forecast looks bullish, driven by a weakening Canadian dollar following inflation figures that matched expectations. Simultaneously, the US...

Wed May 22, 2024 16:55
GBP/USD Price Analysis: Above Forecast CPI Boosts Pound

UK inflation fell from 3.2% to 2.3% in April. There is a 50% chance the BoE will cut rates in June. Investors await the FOMC meeting minutes. The GBP/USD price analysis shows increased bullish momentum as the pound soars on a smaller-than-expected decline in inflation. Meanwhile, investors eagerly awaited the FOMC policy meeting minutes. –Are... The...

Wed May 22, 2024 12:54
EUR/USD Price Analysis: Euro Gains Despite Downbeat Inflation

Producer prices in Germany fell by 3.3%, beating forecasts for a drop of 3.1%. Inflation in the Eurozone fell from 2.6% to 2.4% in March. Markets are pricing in 65 basis points of ECB rate cuts this year. The EUR/USD price analysis shows solid bullish sentiment as the euro strengthens despite weaker inflation in the... The post EUR/USD Price Analysis:...

Tue May 21, 2024 14:32
GBP/USD Outlook: Pound Gains as UK Awaits Key Inflation Data

Weak US data has contributed to a 2% surge in the pound this month. Economists expect a sharp drop in UK inflation, from 3.2% in March to 2.1% in April. Markets expect two BoE cuts starting in August. The GBP/USD outlook shows a bullish bias as the pound strengthens ahead of UK inflation data. In... The post GBP/USD Outlook: Pound Gains as UK Awaits...

Tue May 21, 2024 14:32
USD/CAD Outlook: Loonie Holds Firm as Inflation Data Looms

Investors eagerly await Canada’s inflation report on Tuesday. For April, economists expect Canada’s inflation to drop to 2.8%.  Fed policymakers have remained cautious despite a drop in inflation. The USD/CAD outlook paints a bearish picture, with the Canadian dollar in a strong position ahead of Canada’s inflation figures. At the same time, investors...

Mon May 20, 2024 14:06
USD/JPY Forecast: Fed Cautious Despite Cooling Inflation

The dollar fell last week after the US released April’s consumer inflation figures. Fed’s Thomas Barkin warned that inflation was still not where it should be. Japan’s economy contracted more than expected in Q1. The USD/JPY forecast looks bullish, with the dollar holding steady as Fed policymakers adopt a cautious stance despite the recent dip......

Mon May 20, 2024 14:06

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