USD/CAD Forecast: Bank of Canada Flags Low Productivity
Forex Crunch
by Saqib Iqbal
21h ago
BoC’s Carolyn Rogers urged businesses to increase productivity by supporting investment. Data from Canada revealed a 0.8% increase in wholesale trade in February. The dollar was steady as investors prepared for more inflation data this week. The USD/CAD forecast turns bullish today as the Canadian dollar is losing ground, spurred by the Bank of Canada’s... The post USD/CAD Forecast: Bank of Canada Flags Low Productivity appeared first on Forex Crunch ..read more
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AUD/USD Price Analysis: Australia’s Inflation Below Expectations
Forex Crunch
by Saqib Iqbal
21h ago
Australia’s headline inflation figure rose by 3.4% in February. The chances of an RBA rate cut in August have risen to 68%. There is a 71% chance that the Fed will start cutting interest rates in June. Today’s AUD/USD price analysis shows a slight bearish tilt following the release of data showing Australia’s inflation missed... The post AUD/USD Price Analysis: Australia’s Inflation Below Expectations appeared first on Forex Crunch ..read more
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EUR/USD Price Recovers Amid Poor US New Home Sales Data
Forex Crunch
by Olimpiu Tuns
2d ago
The R1 is seen as the next potential target. The bias is bullish as long as it stays within the ascending pitchfork’s body. The US data could shake the price later today. The EUR/USD price rallied in the short term, briefly moving above the mid-1.0800 level. The pair looks to correct the strong sell-off seen... The post EUR/USD Price Recovers Amid Poor US New Home Sales Data appeared first on Forex Crunch ..read more
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GBP/USD Price Analysis: Dollar Weakness Briefly Lifts Pound
Forex Crunch
by Saqib Iqbal
2d ago
The pound recovered on Tuesday as the dollar weakened. BoE policymakers assumed a more dovish stance last week. Investors will remain cautious as they await more data on US inflation. The GBP/USD price analysis shows bullish optimism as the pair stages a recovery fueled by the dollar’s decline. However, beneath the surface, fundamental factors hint... The post GBP/USD Price Analysis: Dollar Weakness Briefly Lifts Pound appeared first on Forex Crunch ..read more
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AUD/USD Outlook: Dollar Retreats Amid Profit-Taking
Forex Crunch
by Saqib Iqbal
2d ago
The Swiss National Bank cut interest rates by 25 basis points. Fed policymakers emphasized caution as the central bank prepares to cut rates.  The data revealed a drop in consumer sentiment in Australia. The AUD/USD outlook points upwards as the dollar steps back from recent peaks as traders take profits. However, the journey hit a... The post AUD/USD Outlook: Dollar Retreats Amid Profit-Taking appeared first on Forex Crunch ..read more
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Gold Price Correction Forms a Bullish Flag, Eying $2,200
Forex Crunch
by Olimpiu Tuns
2d ago
The bias remains bullish despite the current sell-off. Taking out the downtrend line activates a new bullish movement. The US data could bring some action tomorrow. The gold price is trading in the green at $2,171 at the time of writing. The precious looks stubborn enough to post a fresh top above $2,200. In the... The post Gold Price Correction Forms a Bullish Flag, Eying $2,200 appeared first on Forex Crunch ..read more
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USD/CAD Outlook: Data Weakens Loonie, Strengthens Dollar
Forex Crunch
by Saqib Iqbal
3d ago
Canada’s retail sales fell 0.3% in January from December. Data on Tuesday showed a drop in inflation in Canada. The US economy remains resilient, and inflation is high. The USD/CAD outlook leans bullish, with the pair maintaining proximity to last week’s highs. Notably, the Canadian dollar stumbled amidst disappointing economic data, contrasting with the dollar’s... The post USD/CAD Outlook: Data Weakens Loonie, Strengthens Dollar appeared first on Forex Crunch ..read more
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USD/JPY Forecast: Rally Pauses on Intervention Threats
Forex Crunch
by Saqib Iqbal
3d ago
The Bank of Japan made a significant shift in policy when it hiked interest rates. Market participants shifted their focus to the possible pace and size of future BoJ hikes. The dollar closed last week with gains as US data revealed a resilient economy. The USD/JPY forecast leans towards bullish territory on Monday, with the... The post USD/JPY Forecast: Rally Pauses on Intervention Threats appeared first on Forex Crunch ..read more
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USD/CAD Weekly Forecast: Resilient Economy Boosts Greenback
Forex Crunch
by Saqib Iqbal
5d ago
Data revealed a bigger-than-expected drop in Canada’s inflation. The dollar initially weakened after a dovish FOMC meeting. Next week, traders will get to assess GDP data from the US and Canada. The USD/CAD weekly forecast remains optimistic, fueled by the relentless strength of the US economy showcased in the latest data. Ups and downs of... The post USD/CAD Weekly Forecast: Resilient Economy Boosts Greenback appeared first on Forex Crunch ..read more
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AUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength
Forex Crunch
by Saqib Iqbal
5d ago
The Reserve Bank of Australia held rates on Tuesday and took on a more neutral tone. The Fed had a more dovish policy meeting, weakening the dollar. The US released better-than-expected manufacturing PMI data. The AUD/USD weekly forecast shows bearish prospects as the dollar flexes its muscles once again, fueled by the resilience of the... The post AUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength appeared first on Forex Crunch ..read more
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