TAG: forex-news
EUR/USD, GBP/USD, DXY Price Forecast: PMI Surprises, Dollar Eyes 105.25
Market OverviewThe EUR/USD recently saw Spanish Unemployment Change outperforming expectations at -33.4K against the forecasted 10.0K. Additionally, the Spanish Manufacturing PMI stood at 51.4, slightly above the anticipated 51.1.Events AheadIn the upcomi...
6 months ago
USD/JPY Forecast: Intervention Threats, BoJ Action, and Fed Eyes on CPI
Average Cash Earnings and the Current Account SurplusOn Monday, average cash earnings and current account numbers from Japan put the USD/JPY in focus.Average cash earnings increased 1.8% year-on-year in February after advancing 2.0% in January. Economists...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Breaks $104; US NFP Bolsters Trend
Market OverviewOn Friday, the US Non-Farm Employment Change exceeded expectations at 303K, hinting at a resilient labor market, while the Unemployment Rate dipped to 3.8%. In Europe, German Industrial Production surged to 2.1%, signaling strength in the m...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: CPI, FOMC Set to Stir Markets
Market OverviewFollowing recent data, the Dollar Index showed resilience, with significant employment growth at 303K jobs added, outstripping the expected 212K, and an unemployment rate steadying at 3.8%.The EUR/USD pair, trading near 1.08586, and GBP/USD...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Brace for US CPI and FOMC
Market OverviewThe forthcoming economic events, notably, the U.S. Core CPI and CPI figures are under scrutiny. Currently, EUR/USD hovers around 1.0852, reflecting a subtle 0.04% dip, with a pivot point at 1.0839. The GBP/USD pair, trading at 1.2681, shows...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: Inflation Surges to 3.5%, PPI Data Looms
Market OverviewRecent U.S. inflation data revealed a Consumer Price Index (CPI) increase of 0.4% month-on-month, pushing the annual rate to 3.5%, indicating sustained inflationary pressure. These figures could influence the Federal Reserve’s rate strategy...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY on the Rise, Sell EUR and GBP Today?
Market OverviewIn the United States, recent Producer Price Index (PPI) data showed inflation pressures remain subdued, with monthly figures holding steady at 0.2%, aligning with predictions. This has tempered expectations for immediate aggressive rate hik...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Nears $106; Eyes on US Retail Sales
Market OverviewLast Friday, key economic indicators were released that have implications for both the Euro and British Pound. In the Eurozone, the French Final CPI maintained a steady pace at 0.2% month-over-month, aligning with expectations and previous...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Skyrockets to 106.40; Buy Now?
Market OverviewU.S. Core Retail Sales recently outpaced expectations, posting a rise of 1.1% against a forecast of 0.5%. This uptick, alongside a 0.7% increase in overall Retail Sales, suggests strong consumer activity, which may discourage the Federal Re...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: GBP Recovers as CPI Rises to 3.2%; DXY Steady
Market OverviewInflation data in the UK showed a persistent upward trend. The Consumer Price Index (CPI) year-over-year increased slightly to 3.2% from 3.1%, while the Core CPI rose to 4.2% from 4.1%, indicating sustained inflationary pressures.Additional...
5 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Falls to $105.85; Further Declines Expected?
Market OverviewThe Eurozone’s inflation figures remained stable with the Final Core CPI y/y and Final CPI y/y both persisting at 2.9% and 2.4%, respectively, indicating a steady hold that mirrors ongoing cautiousness in the European Central Bank’s monetar...
5 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Above $106; Awaiting Central Bank Speeches
Market OverviewYesterday’s data released from the U.S. highlighted a drop in Unemployment Claims to 212K, improving from the previous 215K, and a surprising jump in the Philly Fed Manufacturing Index to 15.5, which starkly exceeded expectations. However,...
5 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Steady; Lagarde Speaks, PMIs Ahead
Market OverviewToday’s economic calendar is relatively quiet for both the EUR/USD and GBP/USD pairs, with no major releases scheduled that could directly impact their movements.Events AheadIn the Eurozone, significant attention will be on the Consumer Con...
5 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Steady over $106; Buying Ahead?
Market OverviewThe EUR/USD pair experienced some volatility as recent economic data painted a mixed picture of the Eurozone’s economic health. The French Flash Manufacturing PMI fell short of expectations at 44.9, signaling a contraction, while the Servic...
5 months ago