The EUR/USD forecast shows a sudden decline in the euro. The new trade deal leaves the EU with a 15% tariff. Traders are preparing for the FOMC meeting and the NFP report. The EUR/USD forecast shows a sudden decline in the euro after a trade deal between the US and the European Union. The initial…
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The USD/JPY price analysis shows increasing pressure within the Bank of Japan to hike interest rates. BoJ policymakers Hajime Takata and Naoki were ready to hike interest rates. The dollar continued its recovery after the Fed meeting. The USD/JPY price analysis shows increasing pressure within the Bank of Japan to hike interest rates, which briefly……
The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week. The GBP/USD weekly forecast remains subdued as the pair consolidates near……
The USD/JPY weekly forecast suggests growing pressure for rate hikes in the BOJ. The dollar and Treasury yields recovered during the week after the Fed cut rates by 25-bps. The Bank of Japan held interest rates as expected. The USD/JPY weekly forecast tilts to the downside as the internal pressure grows in the Bank of……
The GBP/USD outlook indicates growing concerns about the UK economy. The UK services PMI eased from 52.8 to 51.2. The pound rallied after Trump announced a trade deal with Japan. The GBP/USD outlook indicates growing concerns about the UK economy following PMI data, which has put a lid on the pound’s gains. Business activity in……
Gold price remains supported amid intense ETF demands. Downbeat US Service PMI helped gold buyers to post gains. US CPI data due next week remains a key event for the gold traders. Gold price remains supported by a complicated mix of dynamics, with ETF demand playing a key role in offsetting a sharp fall in……
The AUD/USD forecast appears neutral after the dismal Chinese data. Australian employment data revealing weakness puts RBA in doubts about keeping tighter monetary policy. The markets await US NFP data due on Tuesday for further impetus. The AUD/USD price opened the week slightly lower, trading near mid-0.6600 in Asian hours on Monday as weak Chinese……
