Forecasts & Analysis | Currencies
EUR/USD Forecast – Under Pressure after Rise in US Retail Sales Supports Need for More Fed Rate Hikes
Robust US retail sales signal that the U.S. economy is holding up despite increased rate hikes by the Federal Reserve to tame inflation.
NZD/USD Forex Technical Analysis – Weaker as Narrative Shifts Back to Higher US Rates, Stronger Greenback
The New Zealand Dollar is being pressured as U.S. inflation data has investors worrying U.S. interest rates are going to be higher for longer.
Hang Seng Index, ASX200, Nikkei 225: US CPI Report Weighs on Sentiment
It was a bearish morning for the Hang Seng Index and the broader Asian markets. Following the US CPI Report, US retail sales will be a consideration.
AUDUSD Forecast – Sellers Fear US Rates Will Remain Elevated Longer than Previously Expected
Australian Dollar sellers are responding to stubbornly high U.S. inflation which is lifting the chances of further Fed rate hikes.
GBP to USD Forecasts: Hot Inflation to Bring $1.23 into View
It is a busy day ahead for the GBP to USD, with UK inflation numbers to give the Bank of England more to think about after the latest wage growth data.
EUR/USD Needs a Hawkish Lagarde and Weak US Consumption for $1.08
It is a busy session for the EUR/USD, with eurozone industrial production and trade in focus. ECB President Lagarde will speak ahead of US Retail Sales.
EUR/USD, GBP/USD, USD/CAD, USD/JPY – U.S. Dollar Jumps Back And Forth After Inflation Data
U.S. Inflation Rate exceeded analyst estimates, but it remains to be seen whether traders are ready to bet on a more hawkish Fed.
USD/JPY Forecast – US Dollar Dips Slightly on Tuesday
The US dollar has dipped a bit during the Tuesday trading session, only to turn around and show signs of life again.
GBP to USD Forecast – British Pound Rallies to Continue Consolidation
The British pound has rallied during the trading session on Tuesday to continue heading back into the consolidation it has been in for a while.
GBP/JPY Forecast – British Pound Continues to Threaten Resistance
The British pound has rallied a bit during the trading session after initially dipping lower against the Japanese yen.