Data showed that US import prices jumped 0.9% last month. Fed policymakers have maintained a cautious stance since the inflation report. Data revealed a smaller-than-expected drop in unemployment claims. The GBP/USD price analysis on Friday is slightly bullish as the dollar recovers after signs that inflation remains a concern. However, the general...

The euro has had a good run amid signs that the US economy is slowing down and inflation is easing. Data showed that US manufacturing output unexpectedly fell in April. ECB’s Schnabel emphasized caution after June as the outlook remains uncertain. The EUR/USD outlook leans slightly bearish as the euro experiences a pullback following its... The post...

Data on Thursday revealed a bigger-than-expected jump in Australia’s employment. Australia’s unemployment rate jumped from 3.9% to 4.1%. Investors raised the likelihood of an RBA rate cut in December to 54%. The AUD/USD outlook has turned slightly bearish as the Australian dollar retreats from recent highs, prompted by an unexpected spike in Australia’s...

The Canadian dollar hit a 5-week high after the US released its consumer inflation report. The US released its retail sales report, which revealed a significant drop from 0.7% to 0.0%. Canadian home sales fell 1.7% in April. The USD/CAD forecast leans bearish as the dollar hovers near recent lows following a disappointing inflation report.... The...

US consumer prices rose by 0.3% in April, a decline from the previous month’s 0.4% increase. US retail sales fell to 0.0% from 0.7% the previous month. Australia’s wage growth surprisingly slowed from 15-year highs in Q1. The AUD/USD forecast shows a surge in bullish sentiment as the dollar plunges after a downbeat consumer inflation... The post...

The US released hotter-than-expected Producer Price Index (PPI) figures. Investors expect only 44 basis points of Fed rate cuts in 2024. British wages minus bonuses grew by 6.0% in the first quarter of 2024.  The GBP/USD price analysis shows bullish optimism as the dollar falters in the aftermath of the US wholesale inflation report. All... The post...