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

The downside pressure remains high as the DXY is bullish. The lower median line stands as a dynamic support. New false breakdowns may announce an oversold. The EUR/USD price dropped to 1.0622 on Friday, registering a fresh multi-week low. After such a plummet, the buyers took the lead and corrected higher. The pair is located... The post EUR/USD Price Fails to Recover Amid Upbeat US Retail Sales appeared first on Forex Crunch ..read more

The USD/JPY pair has risen well past the $152 level. Safe-haven demand for the dollar rose after Iran attacked Israel over the weekend. Investors are now monitoring the $155 level for a possible intervention. The USD/JPY outlook is strongly bullish as the greenback soars after expectations for Fed rate cuts dwindle and the demand for... The post USD/JPY Outlook: Dollar Shines on Rate Cut Outlook appeared first on Forex Crunch ..read more

Data from the US last week indicated higher-than-expected inflation in the country. Investors have pushed back the possible timing for the first Fed cut to July or September. Canada’s economy is deteriorating due to the high borrowing costs. There is more upside potential in the USD/CAD forecast as the Canadian dollar hovers near a five-month... The post USD/CAD Forecast: Canadian Dollar Near Recent 5-Month Lows appeared first on Forex Crunch ..read more

By Friday, investors were still absorbing the US CPI report. Investors believe the Fed will implement the first rate cut in September. Next week, Australia will reveal the state of its labor market. The AUD/USD weekly forecast paints a bearish picture as the US inflation report places the Fed in a more hawkish position than... The post AUD/USD Weekly Forecast: Aussie Tumbles Amid Dollar Rally appeared first on Forex Crunch ..read more

The dollar rallied amid a drop in rate cut expectations. Markets now predict only two Fed rate cuts this year. Next week, investors will focus on retail sales data from the US and the UK. The GBP/USD weekly forecast is pointing southward, with the Fed expected to hang tight before making any moves to slash... The post GBP/USD Weekly Forecast: Fed’s Delayed Cut Weighs on Pound appeared first on Forex Crunch ..read more

An ECB poll of economists confirmed that inflation in the Eurozone will decline to 2%. The ECB held rates on Thursday and signaled the first rate cut in June. The Fed will remain cautious about rate cuts. The EUR/USD price analysis reveals a compelling downtrend, with the euro declining amid optimism that Eurozone inflation is... The post EUR/USD Price Analysis: Euro Tumbles Amid ECB’s Cut in June appeared first on Forex Crunch ..read more