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US Dollar Forecast: EUR/USD, GBP/USD and AUD/USD Break Out, USD/JPY Muted

November 5, 2023

In this article, we analyze EUR/USD, USD/JPY, GBP/USD and AUD/USD from a technical standpoint, highlighting crucial price levels that may act as support or resistance …

Forecasts

Euro Forecast: Euro Picks up after Markets Signal End to US Rate Hikes

November 4, 2023

EUR/USD was the main beneficiary of the dollar’s massive slide late on Friday after markets reduced the likelihood of another US hike amid slowing jobs …

Forecasts

Japanese Yen Weekly Forecast: BoJ Tweak Fails to Inspire but Dollar Weakness Looks Promising for USD/JPY

November 4, 2023

The BoJ delivered a minimal tweak to policy this week with markets still betting on rate hikes in April 2024. USDJPY benefitted from a weaker …

Forecasts

Australian Dollar Forecast: The RBA is Under Starters Orders

November 4, 2023

The Australian Dollar found some traction ahead of the RBA monetary policy decision in the aftermath of accelerating inflation. Will a rate hike further boost …

Central Banks

Fed’s Bostic: Policy is likely in the right place given the economic outlook

November 3, 2023

Pleased with jobs number, it’s consistent with the outlook Hoping for minimal pain for the economy Fed has time to watch and be patient with …

Central Banks

Major shifts underway in market expectations for Federal Reserve interest rates

November 3, 2023

This week there have been some big shifts on the market’s thinking around the path of Fed policy. Given the market moves, it’s no surprise …

Central Banks

BOE’s Haskel: Estimate of 6% equilibrium is the upper limit for me

November 3, 2023

Higher equilibrium unemployment does put upwards pressure on interest rates UK unemployment is currently 4.2%, which is a long way to 6%. This article was …

Sentiment

EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Aug 30, 2023 when EUR/USD traded near 1.09.

November 3, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading …