TAG: gbp-usd
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
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As ISM Manufacturing PMI Climbs Above 50
U.S. DollarDXY 010423 4h ChartU.S. Dollar Index tests new highs as traders react to PMI reports. The final reading of S&P Global Manufacturing PMI report indicated that S&P Global Manufacturing PMI declined from 52.2 in February to 51.9 in March....
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back From Multi-Month Highs
U.S. DollarDXY 020424 4h ChartU.S. Dollar Index is losing ground as traders react to the JOLTs Job Openings report, which indicated that JOLTs Job Openings remained unchanged at 8.75 million in February. Factory Orders increased by 1.4% month-over-month i...
6 months ago
The Week Ahead: The US CPI Report and Fed Chatter in the Spotlight
The US DollarOn Monday, NY Fed 1-Year Consumer Inflation Expectation figures will kick-start the week for the US dollar. A pickup in consumer inflation expectations could lead to decreased consumer spending as individuals may adjust their expenditure plan...
6 months ago
ECB and US CPI in the Headlights This Week
Last week ended with the US Employment Situation Report. Markets witnessed a monster beat for employment growth; the US economy added more than 300,000 jobs in the month of March versus a median estimate of 210,000 (prior data: small downward revision fro...
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
US Dollar (DXY) Index News: Two-Sided Trade in Anticipation of Inflation Data
OverviewThe U.S. Dollar Index (DXY) is trading lower on Monday after giving back earlier gains against major currencies, impacted by mixed U.S. economic data and global economic events. The anticipation of upcoming U.S. inflation data and the European Cen...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back At The Start Of The Week
U.S. DollarDXY 080424 4h ChartU.S. Dollar Index is losing some ground as traders react to Consumer Inflation Expectations report, which indicated that Consumer Inflation Expectations remained unchanged at 3% in March.In case U.S. Dollar Index settles back...
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
US Dollar (DXY) Index News: Facing Pressure Ahead of CPI Report, Fed Minutes
US Dollar Index Faces Pressure Amidst Caution Ahead of Inflation DataThe US Dollar Index encountered notable weakness against a basket of currencies on Tuesday, as Treasury yields declined, prompting investor caution ahead of impending inflation data slat...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat As Traders Wait For Inflation Data
U.S. DollarDXY 090424 4h ChartU.S. Dollar Index is flat ahead of CPI data, which will be released tomorrow. Analysts expect that Inflation Rate declined from 3.4% in February to 3.2% in March, while Core Inflation Rate increased from 3.7% to 3.8%.From th...
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
Red Sea Tensions: Current Situation And Long-term Impact On Oil And Shares
The importance of the Red Sea for the global economy can’t be overestimated. Nowadays, it’s the shortest and the cheapest trade route between Europe and Asia. According to the Joint Statement of the White House, around 15% of global maritime trade went th...
6 months ago
US Dollar (DXY) Index News: Greenback Gaining Momentum Amid Inflation Surge
US Dollar Strengthens Post-Inflation DataThe US Dollar Index (DXY) experienced a notable surge against major currencies following the release of U.S. inflation data. The Consumer Price Index (CPI) for March exceeded expectations, rising 0.4% monthly and 3...
6 months ago