Forex Trading with a Personal Touch
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AUD/USD Weekly Forecast: Fed Signals One Rate Cut for 2024

US consumer and wholesale inflation figures came in below estimates. The Fed forecast only one rate cut this year. The Reserve Bank of Australia will hold its policy meeting next week. The AUD/USD weekly forecast is slightly bearish as the dollar recovers on the Fed’s outlook for one rate cut in 2024. Ups and downs... The post AUD/USD Weekly Forecast:...

Sun Jun 16, 2024 12:27
GBP/USD Weekly Forecast: Fed Rate Forecasts Pushes Dollar Up

UK data revealed a significant jump in monthly unemployment claims. US data revealed a smaller-than-expected figure for consumer inflation in May. Fed forecasts at the FOMC meeting showed only one rate cut in December. The GBP/USD weekly forecast shows more downside potential as Fed forecasts for rate cuts overshadow the recent cooler inflation figures....

Sat Jun 15, 2024 12:06
USD/CAD Price Analysis: BoC’s Rate Cut Plan Weighs on Loonie

Last week, the Bank of Canada became the first G7 central bank to cut interest rates. Investors are pricing in a 55% chance that the Bank of Canada will cut rates in July. Safe-haven demand for the dollar increased with the recent snap election announcement in France. The USD/CAD price analysis indicates a bullish trend... The post USD/CAD Price...

Fri Jun 14, 2024 14:18
USD/JPY Outlook: Dovish BoJ Sends Yen to 1-Month Lows

The USD/JPY outlook weakens as BoJ said it would continue buying government bonds at the current rate. The dollar was strong due to safe-haven inflows from the Eurozone. The US Producer Price Index report showed softer-than-expected wholesale inflation. The USD/JPY outlook remains optimistic as the yen hovers close to a one-month low after the Bank......

Fri Jun 14, 2024 14:18
GBP/USD Outlook: Pound Retreats After CPI-Led Gains

Data revealed that US consumer prices remained unchanged in May. Experts believe the downtrend in inflation could continue as major US retailers slash goods prices. After the inflation report, the likelihood of a Fed rate cut in September rose from 54% to 70%. The GBP/USD outlook is mildly bearish as the price pulls back after... The post GBP/USD...

Thu Jun 13, 2024 13:48
AUD/USD Forecast: Dollar Bounces Back Post-FOMC

The dollar plunged on Wednesday after softer-than-expected consumer inflation data. Fed policymakers projected only one rate cut in 2024. Data on Thursday showed a bigger-than-expected increase in Australia’s employment in May. The AUD/USD forecast shows new bearish sentiment as the dollar recovers after the FOMC policy meeting. Meanwhile, the Australian...

Thu Jun 13, 2024 13:48

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