GBP dropped this week on the back of the BoE’s unchanged policy decision. Economists at Rabobank have revised their six-month EUR/GBP forecast modestly. The gloomy economic outlook…
AUD/USD rallies despite a firm US Dollar, a risky mood, and falling US yields
The Australian Dollar (AUD) stages a comeback versus the Greenback (USD) on Friday, and it remains set to finish the week with decent gains. Overall…
BoE Preview: A hike would provide GBP/USD with some much-needed support.
The dramatic repricing of the Bank of England tightening cycle has taken its toll on Sterling over recent weeks. Economists at ING analyze the GBP outlook ahead of the interest…
Powell adopts a hawkish tone, but DXY anticipates a potential retracement in the US dollar’s forecast
US DOLLAR PROJECTIONS: FORECAST FOR USD: NEUTRAL Despite Powell’s hawkishness, the Dollar Index (DXY) Ends its Sixth Straight Week of Gains with a Whimper. The…
Global economic problems and the Fed’s aggressive stance cause the GBP/USD to drop to two-month lows.
As a result of worries about the status of the world economy and China’s real estate sector, the GBP/USD exchange rate declines by 0.18%. Powell’s…
USD/IDR Price News: Rupiah renews weekly top near 15,250, Bank Indonesia Interest Decision, Fed’s Powell eyed
Rupiah reaffirms weekly top near 15,250, Bank of Indonesia Interest Decision, and Fed’s Powell eyed as potential drivers of USD/IDR price movement The US dollar…
USD/CNH to reach 7.60 in 12 months – Danske Bank
USD/CNH will hit 7.60 in a year, according to Danske Bank Danske Bank economists anticipate more gains for the USD/CNH and EUR/CNH due to their…
NZD/USD: Downside pressure lessened above 0.5985 – UOB
According to UOB Group’s Senior FX Strategist Peter Chia and Markets Strategist Quek Ser Leang, NZD/USD’s selling bias may be reduced once it breaks above…
GBP/USD Analysis of Costs: Holding near the 23.6% Fibonacci retracement line in the mid-1.2700s
On Friday, there is no clear trend in the GBP/USD exchange rate, and the pair instead trades in a narrow range. Minor USD weakness is…
USD/CHF Price Analysis: Further upside hinges on 0.8820 breakout, Fed Minutes
USD/CHF stays defensive around 0.8780 as it struggles to keep the five-week uptrend heading into Wednesday’s European session. That said, the Swiss Franc (CHF) pair’s…