The dollar had its worst week in over two months. Poor employment figures from the US increased the likelihood that the Fed will cut rates in September. The Reserve Bank of Australia will make its rate decision on Tuesday. The AUD/USD weekly forecast leans bullish as the likelihood of a Fed rate cut in September... The post AUD/USD Weekly Forecast:...

The ECB’s Stournaras said on Friday that there might only be three ECB rate cuts this year. Eurozone economic growth beat forecasts in Q1. The dollar was heading for its worst week in two months. The EUR/USD price analysis shows bullish momentum as the euro gains strength on moderately less dovish ECB policy remarks. At... The post EUR/USD Price...

The BoC might wait on a clearer Fed policy outlook to avoid a big divergence. Canada recorded a surprise trade deficit of C$ 2.28 billion in March.  US equities rallied a day after the Fed held rates and sounded less hawkish than expected. The USD/CAD outlook sharply turned toward bearish territory, stirred by the hawkish... The post USD/CAD Outlook:...

The dollar fell Wednesday as investors absorbed the Fed’s policy meeting outcome. Powell maintained that the Fed’s next move would be a rate cut. British manufacturing fell in April. The GBP/USD outlook remains optimistic as the pound holds strong against a faltering dollar. Recent remarks from Fed Chair Jerome Powell have increased the likelihood...

There is a high chance that Japanese authorities intervened again to support the yen. Powell maintained that the Fed was still looking to cut interest rates. The gap in long-term government bond yields between Japan and the US is 376 basis points. The USD/JPY forecast indicates a bearish trend as the yen gains ground following... The post USD/JPY...

There was a bigger-than-expected increase in US employment cost growth. Markets have scaled back Fed rate cut expectations to only one cut in 2024. The policy outlooks of the Fed and the RBA are pretty similar. The AUD/USD forecast is leaning bearish as the US dollar strengthens following encouraging employment figures. Additionally, investor sentiment...