Forecasts

The past trading session saw the EUR/USD pair closing slightly higher at 1.09736, representing a modest increase of 0.01%. Similarly, the GBP/USD pair experienced an uptick and closed at 1.27628, marking a rise of 0.16%. Concurrently, the US Dollar Index (DXY) also edged up by a negligible 0.01%, closing at 101.965. In the Eurozone, the

The USD/JPY currency pair has once again demonstrated its resilience as the US dollar rallied against the Japanese yen. Amidst the market’s noisy behavior, the pair initially pulled back to the 145 yen level, creating an anticipation for potential support. True to expectations, the market found its footing and showed signs of strength. The current

The AUD/USD exchange rate experienced a slight gain of 0.19% after a previous decline of 0.49% during the previous session. This article explores the potential impact of trade data from Australia and US inflation numbers on the Australian dollar. The analysis delves into the trade relationship between Australia and China, as well as the labor

Economists are predicting an increase in headline inflation, with a projected rise of 0.2% in December. This would push the year-over-year inflation rate from 3% to 3.2%. While the Federal Reserve primarily focuses on core inflation, which excludes food and energy prices, headline inflation is crucial for consumers as it encompasses these essential costs. This

The AUD/USD experienced a decline of 0.49% on Tuesday, reversing the previous day’s gain. The Australian dollar ended the session at $0.66867 after reaching a high of $0.67345 and then falling to a low of $0.66770. Investors are now turning their attention to upcoming economic indicators, including the Australian Monthly CPI Indicator and US mortgage

The USD/JPY experienced a slight gain of 0.17% on Tuesday, partially reversing the previous day’s loss. This article will analyze the impact of wage growth on USD/JPY and consumer spending, as these factors are closely intertwined. Additionally, we will examine the effect of central bank commentary and economic indicators on the currency pair. On Wednesday,

The U.S. Dollar Index (DXY) is facing a decline as traders react to the latest Consumer Inflation Expectations report. This report indicates that inflation expectations have dropped from 3.4% in November to 3.0% in December. This decrease in inflation expectations has put pressure on the U.S. dollar, causing it to lose ground against other major

The EUR/USD exchange rate is influenced by various economic indicators and events that shape the monetary policy and economic outlook of both the European Union and the United States. In this article, we will analyze the potential impact of key economic indicators on the exchange rate, particularly focusing on factors such as German trade surplus,

Yesterday, the U.S. Bureau of Labor Statistics released the highly anticipated nonfarm payroll employment report for December. This report had an immediate and significant impact on the financial markets, particularly on the price of gold. In this article, we will analyze the reactions and implications of the jobs report on gold prices and its connection

The U.S. Dollar Index experienced a pullback as traders reacted to the Non Farm Payrolls report, which revealed that the U.S. economy added 216,000 jobs in December. Surprisingly, despite the positive report, the American currency did not receive significant support from traders, who remain inclined towards a dovish Federal Reserve. If the U.S. Dollar Index

China, the world’s second-largest economy, has been considering implementing a substantial stimulus package to support its economy and drive up demand. This move is crucial for the Chinese economy as it accounts for one-third of Australian exports. The Australian economy heavily relies on trade, with a trade-to-GDP ratio above 50%. Additionally, about 20% of the

China has emerged as a critical trading partner for Australia, accounting for one-third of its exports. Such dependency on China leaves the Australian economy vulnerable to fluctuations in Chinese demand. As the trade-to-GDP ratio of Australia stands above 50%, any weakening of Chinese demand would have a significant impact on the Australian economy, including its