Next week US CPI headlines the schedule of high importance data. This forecast considers how major currency pairs shape up ahead of the US CPI release
Source
US Dollar Forecast: EUR/USD, GBP/USD and USD/JPY Price Action Setups
access_timeFebruary 5, 2025
Latest:
- AUDUSD extends higher and enters swing area resistance area. Can momentum continue?
- Fed’s Barkin: Does not see rate hike as ‘close’ to the base case
- USDJPY is dipping below the 200 and 100 day MAs
- USDCHF falls to swing area and support gives sellers some cause for pause
- More from Fed’s Barkin: There is a wide range of outcomes from tariffs
- USDCAD down again and below the low of the “Red Box”
- Fed’s Barkin: Not hearing CEOs talk about recession
- ECB’s Lane: Disinflation process remains well on track
- In the kickstart video for Feb 5 the USD is lower as US traders enter the fray for the day
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