The yen has lost around 30% of its value against the dollar since 2020. US Treasury yields and the dollar have risen since Trump won. US consumer inflation rose as expected in October. The USD/JPY outlook shows sharp declines in the yen as the dollar scales new peaks due to optimism about Trump’s election win....
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11/14/2024, 12:23:16 PM
US consumer prices increased by 0.2% in October. Traders expect Trump’s policies to drive inflation and pause or significantly slow Fed rate cuts. BoE’s Catherine Mann noted that inflation might be higher than expected in the medium term. The GBP/USD forecast shows the dollar at new peaks as the Trump trade overshadows recent inflation figures....
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11/14/2024, 12:22:16 PM
Economists expect the US monthly CPI to increase by 0.2%. Trump’s import tariffs will affect Canada’s economy. OPEC lowered its forecast for oil demand growth this year and in 2025. The USD/CAD forecast shows a tight consolidation as traders prepare for the US consumer price index report. Meanwhile, the Canadian dollar remained fragile as oil...
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11/13/2024, 1:17:35 PM
UK wage growth, excluding bonuses, cooled in September. The UK unemployment rate rose to 4.3% after a previous reading of 4.1%. Sterling has lost 1.1% of its value amid the Trump trade. The GBP/USD price analysis indicates a weaker UK labor market, increasing expectations for BoE rate cuts. At the same time, the pair is...
The post GBP/USD Price Analysis: Weaker Jobs Ignite BoE Rate Cut Bets () appeared first on Forex Crunch ().
11/12/2024, 4:28:19 PM
The euro wallowed near a seven-month low on Tuesday. Trump will likely impose higher tariffs on goods imported from the Eurozone. Market participants await the October US inflation figures. The EUR/USD outlook shows a steep decline as the euro suffers at the prospect of higher import tariffs in the US. Meanwhile, the dollar soared as...
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11/12/2024, 12:17:54 PM
Data revealed that Canada’s economy added only 14,500 jobs. Market participants are pricing a 60% chance of a 50-bps BoC rate cut in December. Traders eagerly await US inflation data this week. The USD/CAD outlook suggests an extension of the move on Friday as the Canadian dollar remains weak after downbeat data. Meanwhile, the greenback...
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11/11/2024, 3:02:28 PM
Republican candidate Donald Trump won the US presidential election. The Bank of England cut interest rates by 25-bps as expected. Next week, the US will release consumer and wholesale inflation data. The GBP/USD weekly forecast points south amid a drop in BoE rate cut expectations and a stronger dollar after Trump’s win. Ups and downs...
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11/10/2024, 10:45:38 AM
Australia’s central bank kept rates unchanged, maintaining its cautious tone. Trump’s win was bullish for the dollar as his policies could increase inflation and interest rates. The US Central Bank lowered interest rates by 25-bps. The AUD/USD weekly forecast suggests expectations for higher US inflation that might keep the dollar strong. Meanwhile, Trump’s victory already...
The post AUD/USD Weekly Forecast: Trump’s Win Supports Strong Dollar () appeared first on Forex Crunch ().
11/9/2024, 8:21:00 PM
The risk-sensitive Australian dollar soared after Trump won the US election. The US Central Bank lowered borrowing costs by 25-bps. Trump’s presidency will likely lead to higher inflation due to his policies. The AUD/USD price analysis shows increased bullish enthusiasm due to a surge in risk appetite after Trump’s win. However, the price eased by...
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11/8/2024, 4:28:00 PM
The Bank of England cut rates by 25-bps. Markets expect two to three BoE rate cuts in 2025. The Federal Reserve also lowered borrowing costs by 25=bps. The GBP/USD outlook shows a pause in yesterday’s rally as traders lock in profits. The pound rose on Thursday after the Bank of England lowered borrowing costs and...
The post GBP/USD Outlook: Pound Eases as Traders Lock in Profits () appeared first on Forex Crunch ().
11/8/2024, 11:47:13 AM
The dollar had a strong bullish day on Wednesday after Trump won the election. Market participants prepare for a rate cut during the FOMC policy meeting. The US reported an addition of 12.000 jobs in October. The EUR/USD outlook shows a rebound in the euro after reaching new lows due to Wednesday’s Trump trade. Market...
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11/7/2024, 4:31:42 PM
Trump won the US presidential election. The Federal Reserve will likely cut rates by 25-bps later today. The likelihood of a December Fed rate cut fell from 77% to 67%. The USD/JPY forecast shows a slight pullback amid a strong bullish surge as the focus shifts from Trump’s win to the upcoming FOMC policy...
The post USD/JPY Forecast: Rally Pauses as Investors Await Fed Rate Cut () appeared first on Forex Crunch ().
11/7/2024, 4:30:42 PM
Voting reveals that Trump will be the next US president. Data on Friday revealed a poor performance in the US labor market. The Bank of England will likely cut rates by 25-bps on Thursday. The GBP/USD forecast turned to the downside after news outlets reported that Republican candidate Donald Trump won the election. Meanwhile, market...
The post GBP/USD Forecast: Pound Collapses as Trump Secures Victory () appeared first on Forex Crunch ().
11/6/2024, 1:46:16 PM
The Reserve Bank of Australia kept interest rates unchanged. Australia’s underlying inflation remains high at 3.5%. The dollar was vulnerable on the day of the US election. The AUD/USD price analysis indicates renewed bullish sentiment after hawkish remarks at the Reserve Bank of Australia policy meeting. Meanwhile, the dollar pulled back as bets supported a...
The post AUD/USD Price Analysis: Aussie Bulls Cheer RBA’s Hawkish Tone () appeared first on Forex Crunch ().
11/5/2024, 4:43:39 PM
Kamala Harris has become more popular, leading to an unwinding of the Trump trade. Market participants are awaiting the FOMC policy meeting. Experts believe Trump’s policy changes will increase inflation. The EUR/USD outlook shows a frail dollar as markets unwind the Trump trade. Recent polls have shown a lower likelihood of a Trump win. Meanwhile,...
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11/5/2024, 4:42:39 PM
Most market participants are waiting for the outcome of the US presidential election. Canada’s manufacturing sector expanded further in October. Data revealed that the US economy added only 12,000 jobs in October. The USD/CAD outlook shows caution ahead of the much-anticipated US presidential election. The Canadian dollar remained steady as investors digested Friday’s robust manufacturing...
The post USD/CAD Outlook: Cautious Sentiment Ahead of US Election Day () appeared first on Forex Crunch ().
11/4/2024, 2:18:04 PM
Market participants are eagerly awaiting the outcome of the presidential election. The US economy added only 12,000 jobs in October. The yen remained steady after the BoJ policy meeting. The USD/JPY forecast shows some relief for the yen as the dollar eases ahead of the US presidential election. The greenback has fallen since last week...
The post USD/JPY Forecast: Yen Finds Relief Before US Election () appeared first on Forex Crunch ().
11/4/2024, 2:17:05 PM
Australia’s inflation eased from 2.7% to 2.1% annually. The US economy added 12,000 jobs, well below the forecast of 106,000. Traders will watch the RBA and Fed policy meetings. The AUD/USD weekly forecast indicates uncertainty ahead of a busy week with the US presidential election and RBA rate decision. Ups and downs of AUD/USD The...
The post AUD/USD Weekly Forecast: Uncertainty Ahead of Election Week () appeared first on Forex Crunch ().
11/3/2024, 12:09:06 PM
The US economy added only 12,000 jobs in October. Canada’s economy made no change in August. The US core PCE increased by 0.3%, leaving Fed rate cut bets unchanged. The USD/CAD price analysis shows new bearish sentiment as the dollar collapses after a dismal employment report. Meanwhile, the Canadian dollar is ending October with its...
The post USD/CAD Price Analysis: Dollar Slips After Weak NFP () appeared first on Forex Crunch ().
11/1/2024, 6:33:38 PM
Data on Thursday showed the core PCE price index increased by 0.3%. US initial jobless claims fell to 216,000, missing estimates of 229,000 claims. Economists are not expecting a rate cut in Australia until next year. The AUD/USD outlook shows a bearish sentiment as the dollar gains ground ahead of the crucial US nonfarm payrolls...
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11/1/2024, 11:40:32 AM