The EUR/USD forecast is bullish despite a pause in the uptrend. SocGen aims for a quicker test of 1.2000 amid US tariffs and a dovish Fed. Geopolitical tensions and the FOMC meeting are key stimuli for the markets to watch. The EUR/USD forecast remains firm around the mid-1.1500 after testing the multi-month top at 1.1632….
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The USD/JPY forecast remains bearish as the BOJ tilts closer to a rate hike. The risk of a US government shutdown and higher JGB yields support the bearish narrative in USD/JPY. Markets are now watching the JOLTS job opening data, along with key speeches, for further impetus. The Japanese yen gained solid ground on Tuesday,……
The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise. Inflation in Canada eased to 1.7% in July from the previous reading of 1.9%. Oil has dropped amid progress in peace talks with Russia and Ukraine. The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise after……
The USD/CAD weekly forecast is neutral as markets prepare for rate cuts in Canada and the US. The Bank of Canada is under pressure to lower borrowing costs due to the weak labor market. Data revealed slightly hotter-than-expected US consumer inflation. The USD/CAD weekly forecast is neutral as markets prepare for rate cuts from the……
The GBP/USD outlook remains mildly subdued amid concerns over the UK’s fiscal situation, as it awaits the release of US data. The pound sterling slipped lower as the UK government decided to drop the income tax rate hikes. The Empire State Manufacturing Index and commentary from FOMC and MPC officials will reveal further policy cues. ……
The USD/CAD forecast indicates a pause in the dollar’s rally. Treasury yields collapsed after a successful 10-year note auction. Fed policymakers believe rate cuts will be appropriate later in the year. The USD/CAD forecast indicates a pause in the dollar’s rally after a sharp collapse in Treasury yields in the previous session. At the same……
The GBP/USD forecast shows the pair stabilized under 1.1350 amid the diverging policy decisions by the Fed and BoE. The UK inflation data, fiscal concerns, and softer retail sales data weigh the pound. Traders await commentary from FOMC Members Hammock, Logan, and Bostic for further policy cues. The GBP/USD forecast shows a steady movement, trading……
