TAG: hp4
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: BoJ Accommodation, Fed Speakers, and 152 Barrier Dynamics
An Accommodative Bank of Japan, Interventions, and 152On Tuesday, the Bank of Japan and the Japanese government could impact buyer demand for the USD/JPY. Recent economic indicators from Japan have given the BoJ little reason to shift from post-pivot forw...
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
Gold Price Forecast – Gold Continues to Shine
Gold Markets Technical AnalysisYou can see gold has been a bit choppy and noisy as of late, but it certainly seems to be wanting to stretch higher. In this environment, I think you’ve got a situation where short-term pullbacks continue to attract a certai...
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
USD/JPY Forecast: BoJ’s Eyes on Japan Services Sector Activity
Japan Services Sector Activity Puts the Bank of Japan in FocusOn Wednesday, April 3, the Jibun Services PMI for March warrants investor attention. The Bank of Japan recently turned its attention to the services sector as a source of demand-driven inflatio...
6 months ago
Gold Prices Forecast: Was a Bull Trap Set on Friday?
Gold Market Analysis: A Cautious PerspectiveGold prices achieved new heights last week, closing at record levels, with central banks’ interest and geopolitical tensions as key factors. Yet, we’re advising traders to be cautious, as the current rally might...
6 months ago
USD/JPY Weekly Forecast: Inflation Trends, Central Bank Chatter, and 152
Weekly Overview of the USD/JPY in the Week Ending April 5, 2024The USD/JPY gained 0.19% in the week ending April 5, closing the week at 151.607. The USD/JPY rose to a Wednesday high of 151.951 before falling to a Friday low of 150.809.USD/JPY Analysis: Wa...
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
Silver (XAG) Daily Forecast: Bullish Run to $28.09, More Upside Ahead?
Market OverviewSilver (XAG/USD) prices have surged to approximately $28.09, despite a strengthening US dollar. This bullish trend is fueled by multiple factors including the US Federal Reserve’s potential interest rate cuts, geopolitical tensions in the M...
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
Gold Price Forecast – Gold Markets Continue to Look Higher
Gold Markets Technical AnalysisYou can see that we are a bit stretched yet again during the early hours on Monday, and it must be said that we have given back some of the gains that we initially had. Now, this doesn’t necessarily mean that it’s time to st...
6 months ago
Silver Prices Forecast: XAG/USD Leans Bullish Amid Economic Uncertainty
Silver Market Outlook Amid Economic DataThe silver market, exhibiting resilience, maintains a bullish trend despite challenges like rising yields and a strong US Dollar. This positive sentiment is underpinned by key economic data and central bank activiti...
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