Markets are fully pricing in two BoE rate cuts by December. Data on Thursday revealed a bigger-than-expected expansion in the US economy. All eyes are on the US core PCE report. The GBP/USD price analysis highlights a bearish trend despite a slight recovery ahead of the US inflation data. The pound fell as investors increased... The post GBP/USD...

The yen has gained 2.4% this week. The BoJ’s odds of a rate hike are above 67%.  The BoJ might announce plans to reduce bond purchases. The USD/JPY outlook is slightly bullish, with the yen retreating from a 2-month high. This shift comes as the dollar strengthens on the back of upbeat GDP data, indicating... The post USD/JPY Outlook: Yen Retreats...

The Bank of Canada lowered borrowing costs by 25 basis points to 4.5%. Canadian factory sales fell by 2.6% in June. The US composite PMI index rose to 55.0, indicating robust business activity. The USD/CAD outlook shows strong bullish sentiment as the Canadian dollar wallows near a 3-month low after a second Bank of Canada... The post USD/CAD Outlook:...

Data on Wednesday showed a decline in Eurozone business activity in July. The composite PMI rose to 55.0, indicating an increase in business activity. Forecasts show that the economy expanded by 2.0% in Q2. The EUR/USD forecast is pessimistic as the euro remains fragile following disappointing PMI data from the Eurozone. In contrast, business activity......

Business activity in Britain’s manufacturing sector improved more than expected. Last week, the pound reached a one-year high due to a decline in BoE rate cut bets. Economists expect the US economy to expand by 2.0% in the second quarter. The GBP/USD forecast points south, although the pair recovered slightly after better-than-expected PMI data. At......

BoC policymakers are more pressured to lower rates than other major central banks. Economists forecast two rate cuts in the US this year. The loonie was pressured when oil prices reached a six-week low in the previous session. The USD/CAD price analysis shows more upside potential as the Canadian dollar weakens ahead of the Bank... The post USD/CAD...