XAU/USD is bullish despite temporary drops. A new lower low activates a corrective phase. Escaping from the up channel pattern announced exhausted buyers. The gold price pared gains after reaching today’s high of $2,417. The metal is trading at $2,381 at the time of writing. Despite the temporary correction, the bias is still bullish in... The post Gold Price Retreats as Tensions Ease Following Israel Attack appeared first on Forex Crunch ..read more

There were reports that Israel had attacked Iran in retaliation. Ueda said the BoJ might have to hike rates if the yen continues falling. US unemployment claims held steady from the previous week. The USD/JPY price analysis paints a bearish picture, influenced by the yen’s surge. The surge came from soaring safe-haven demand amid escalating... The post USD/JPY Price Analysis: Yen’s Demand Soars After Israel Attack appeared first on Forex Crunch ..read more

Investors dumped risk assets on Friday amid fears of an escalation in the Middle East war. In March, Australians lost 6,600 jobs. Markets are placing a 65% chance on the first RBA rate cut in December. The AUD/USD outlook takes a bearish turn as the risk-sensitive Aussie fluctuates following unsettling reports of Israel’s attack on... The post AUD/USD Outlook: Volatility Surges Amid Israel-Iran Tension appeared first on Forex Crunch ..read more

The dollar retreated on Tuesday as investors paused after a steep rally. Hawkish Fed remarks that changed the outlook for rate cuts in the US. Recent inflation data from Canada revealed a decline in price increases. The USD/CAD outlook points to a temporary downtrend as investors take profits on their long dollar positions. Moreover, the... The post USD/CAD Outlook: Dollar Pauses Rally Amid Profit Taking appeared first on Forex Crunch ..read more

UK inflation fell from 3.4% in February to 3.2% in March. Governor Bailey said the decline in inflation aligned with the central bank’s forecasts. There is more caution about rate cuts in the US. Things are looking up in the GBP/USD forecast as the pound stages a recovery following a smaller-than-expected decline in inflation. At... The post GBP/USD Forecast: Pound Rebounds on Mild Inflation Drop appeared first on Forex Crunch ..read more

The bearish pressure remains high as long as it stays below the median line. A new higher high activates a larger rebound. The price action signaled an oversold. The GBP/USD price rallied today and hit as high as 1.2481 after the UK CPI came in better than expected. Now, the pair has retreated a little... The post GBP/USD Price Rebounds as UK Inflation Remains Hot appeared first on Forex Crunch ..read more

China’s economy grew more than expected in the first quarter. Fed policymakers pushed back expectations for rate cuts. Powell noted that the US economy needs a restrictive policy for a bit longer.  The AUD/USD price analysis reveals a subtle bullish tilt as the Aussie stages a comeback, propelled by encouraging economic data from China. Yet,... The post AUD/USD Price Analysis: Picks up Amid China’s Economic Growth appeared first on Forex Crunch ..read more

Falling to reach 1.06, announced exhausted sellers. The fundamentals should be decisive today. Taking out 1.0665 activates a larger growth. The EUR/USD price is trading in the green at 1.0640 at the time of writing. The pair looks positive to recover some of the recent losses. However, the US dollar remains bullish, and further growth... The post EUR/USD Price Finds Life Amid Upbeat Eurozone Data appeared first on Forex Crunch ..read more

Data on Monday revealed a bigger-than-expected 0.7% increase in US retail sales. Fed policymakers have gradually lost confidence in their progress toward lowering inflation. Japanese officials have kept up their verbal warnings against large currency declines. The USD/JPY price analysis is fueled by bullish sentiment, reaching a 34-year peak amid a sour market mood. The... The post USD/JPY Price Analysis: Yen Marks 3-Decade Lows Against Dollar appeared first on Forex Crunch ..read more

US retail and core retail sales jumped in March. The likelihood of a Fed cut in September has risen to 46%. Data revealed a slight easing in the UK labor market. The GBP/USD outlook suggests downward momentum as the Pound clings near 5-month lows following US and UK data. While the US boasts surprisingly strong... The post GBP/USD Outlook: Pound Maintains 5-Month Low Following Data appeared first on Forex Crunch ..read more