GBP/USD Price Analysis: Pauses the post-BoE rally near mid-1.2700s ahead of US NFP
GBP/USD is seen consolidating the Thursday’s post-BoE recovery from over a two-week low. The technical setup seems tilted in favour of bulls and supports prospects for additional gains. Bulls, however,…
Japanese Yen remains on the front foot against USD, lacks follow-through buying
The Japanese Yen builds on the overnight gains against the USD amid geopolitical risks. Hopes for an imminent shift in the BoJ’s policy stance further lend support to the JPY.…
Pound Sterling recovers on improved market mood, US Core PCE Inflation in focus
Pound Sterling rebounds as market mood improves ahead of US core PCE price index data. High UK inflation would allow BoE policymakers to maintain a hawkish tone on interest rates.…
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…
