The UK economy contracted by 0.1% in October. US wholesale inflation increased by 0.4%, above estimates of 0.2%. The dollar is getting support from the wave of rate cuts in other major economies. The GBP/USD price analysis suggests a strong bearish bias after data revealed that the UK economy unexpectedly contracted in October. Meanwhile, the... The post GBP/USD Price Analysis: Sellers Dominate as UK GDP Shrinks appeared first on Forex Crunch ..read more

The European Central Bank lowered borrowing costs by 25 bps on Thursday. Experts believe Trump’s tariffs might further weaken the Eurozone economy. Recent data has reinforced bets for a December Fed rate cut. The EUR/USD outlook shows a growing divergence in policy outlooks between the European Central Bank and the Federal Reserve. As a result,... The post EUR/USD Outlook: ECB and Fed Divergence Leading Bears appeared first on Forex Crunch ..read more

The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in line with expectations. Traders increased the likelihood of a December Fed rate cut from 85% to 97%. The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy... The post USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone appeared first on Forex Crunch ..read more

Data on Thursday revealed that job growth in Australia surged in November. Markets slashed bets for a February RBA rate cut from 68% to 55%. The US CPI increased by 0.3% in November and 2.7% annually, as expected.  The AUD/USD forecast made a sharp bullish turn on Thursday after a surprise jump in Australia’s employment.... The post AUD/USD Forecast: Aussie Jumps as Jobs Data Surprises appeared first on Forex Crunch ..read more

Authorities in China are considering a weaker currency. Chinese exports slowed in November. Market participants eagerly await the US inflation report. The AUD/USD forecast suggests further weakness for the Aussie after reports that China is considering a weaker Yuan in its efforts to boost economic growth. At the same time, the Reserve Bank of Australia... The post AUD/USD Forecast: Aussie Tumbles Following Weaker Yuan appeared first on Forex Crunch ..read more

Wholesale inflation in Japan increased by 3.7% annually, well above estimates of 3.4%.  The dollar eased slightly as traders geared up for the US CPI report. Economists expect US inflation to increase by 0.3% in November. The USD/JPY price analysis shows rising price pressures in Japan that will likely support a Bank of Japan rate... The post USD/JPY Price Analysis: Japan’s Inflation Urges for BoJ Hike appeared first on Forex Crunch ..read more

Markets are awaiting the crucial US consumer inflation report due on Wednesday. The US NFP report pushed up bets for a December Fed rate cut. Data revealed a drop in job vacancies in the UK. The GBP/USD price analysis shows a range in the pound as traders eagerly await the US consumer inflation report. Meanwhile,... The post GBP/USD Price Analysis: Sterling Holds Steady Ahead of US CPI appeared first on Forex Crunch ..read more

The Reserve Bank of Australia kept interest rates unchanged on Tuesday. Markets moved to price an over 50% likelihood of an RBA rate cut in February.  Traders eagerly await the US Consumer Price Index report. The AUD/USD outlook shows weakness in the Australian dollar due to a surge in Reserve Bank of Australia rate cut... The post AUD/USD Outlook: AUD Slumps as RBA Rate Cut Odds Soar appeared first on Forex Crunch ..read more

US employers added 224,000 new workers in November. Markets raised the likelihood of a 25-bps December Fed rate cut from 70% to 85%. Traders await the US CPI report for more clues on Fed rate cuts. The EUR/USD outlook shows some strength in the euro as the dollar drops due to increasing bets for a... The post EUR/USD Outlook: Fed Rate Cut Odds Boost Euro appeared first on Forex Crunch ..read more

Canada employment figures solidified bets for a massive Bank of Canada rate cut. Canada’s unemployment rate soared from 6.5% to 6.8%. The US economy added 224,000 jobs in November. The USD/CAD forecast shows bulls at the front as the Canadian dollar stays weak after downbeat domestic employment figures. Meanwhile, the dollar firmed against the loonie... The post USD/CAD Forecast: Loonie Tumbles After Canada Jobs Data appeared first on Forex Crunch ..read more