US GDP Preview: Economic growth expected to moderate at year-end
United States Gross Domestic Product is forecast to grow at an annualized rate of 2% in Q4. The resilience of the US economy could allow the Fed to delay the…
Japanese Yen remains on the back foot against USD ahead of BoJ’s post-meeting presser
The Japanese Yen struggles to gain any meaningful traction after the BoJ decision this Tuesday. The Japanese central bank decided to leave its ultra-loose monetary policy settings unchanged. Traders, however,…
EUR/USD Price Analysis: Builds on overnight recovery from 200-day SMA, bearish bias remains
EUR/USD attracts buyers for the second straight day and moves away from over a one-month low. The setup favours bear and supports prospects for the emergence of fresh selling at…
Australian Dollar moves on a downward trajectory ahead of US Retail Sales data
Australian Dollar faced challenges on improved US Dollar amid market caution. Australian central bank is expected to refrain from increasing interest rates, influenced by lower consumer confidence in January. The…
US CPI Data Preview: Declining core inflation could reinforce expectations of Fed rate cuts
The US Consumer Price Index is set to rise 3.2% YoY in December, up from November’s 3.1% increase. Annual Core CPI inflation is expected to edge lower to 3.8% in…
Australian Dollar moves downward to a psychological level amid a stable US Dollar
Australian Dollar loses ground as the US Dollar continues to gain ground. Australian Retail Sales data is anticipated to increase by 1.2% against the previous decline of 0.2%. Chinese wealth…
EUR/GBP bullish outlook softens as bears threaten the 200-day SMA
The EUR/GBP suffers losses, positioned at 0.8660 with a decline of 0.30%. Daily chart indicators reveal signs of bearish momentum with RSI’s negative bias and MACD’s waning positive momentum. Despite…
Mexican Peso taps multi-month high in faltering broad-market Greenback selloff
The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before…
Australian Dollar retreats with a positive sentiment, awaits US Core PCE data
Australian Dollar surged as US Dollar lost ground near month lows. Australian central bank will evaluate additional data to decide future monetary policy. Softer US data reinforces speculation of the…
Australian Dollar edges higher near major level ahead of US GDP Annualized
Australian Dollar trades higher on improved risk appetite and hawkish RBA. Australian central bank will observe data to evaluate the risks before making future policy decisions. US Dollar faces negative…
