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FOMC Meeting Preview: Deciphering the Dot Dilemma for the Fed
FOMC meeting risks are skewed toward a less dovish outcome, with the potential for the median Fed dot for 2024 to rise to 4.9%, or only two interest rate cuts for 2024.
GBP/USD hints at sentiment extreme ahead of BOE, FOMC: COT report
With a BOE and FOMC meeting pending and net-long exposure for GBP/USD at or near a sentiment extreme, I cannot help but wonder if the pound it due at least a pullback. I also take a closer look at the US dollar index (DXY), gold and the Nasdaq 100.
GBP/USD analysis: FOMC, BOE and Key Data on Tap for Cable
All eyes are on the FOMC and dot plots, with pound trades facing additional test with BoE rate decision, CPI, and retail sales all to come in the week ahead. GBP/USD technical analysis shows bullish trend is losing momentum.
USD/JPY, Gold and GBP/USD analysis - Forex Friday, March 15, 2024
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, Japanese yen, gold and the pound ahead of a busy next week for central banks.
GBP/USD, gold in focus for US PPI, retail sales: European Open
GBP/USD has formed a bearish reversal pattern beneath a failed breakout level, and gold looks set to retrace lower ahead of US PPI data.
GBP/USD analysis: Cable rebounds after US CPI-related drop
After the US dollar failed to find too much love from hot CPI, the cable was looking to recover along with other major pairs. The UK economy rebounded 0.2% in January, which helped to provide additional support to the pound. From the US, retail sales, PPI and UoM surveys are all still to come this week.
GBP/USD, USD/JPY Forecast: Two trades to watch
GBP/USD falls as the labour market softens. USD/JPY rises as BoJ rate hike doubts appear and ahead of US CPI data.
US CPI Preview: GBP/USD Pulls Back to 1.2800 – Has US Inflation Bottomed?
GBP/USD remains in a bullish technical position ahead of the US CPI report - see what we're watching!
GBP/USD forecast: Bullish breakout faces US inflation test, buying the dip preferred
Having hit fresh 2024 highs after breaking downtrend resistance with force, the question for GBP/USD this week is whether the move can extend further, bringing a potential retest of the July 2023 highs onto the radar?
GBP/USD analysis: Mixed NFP report sends dollar lower – Forex Friday
Friday's US non-farm payrolls report (NFP came in mixed-to-slightly weak when you consider the revisions and wages, causing the dollar to weaken further. The GB/USD could be heading to 1.30 in the week ahead when we have lots of data from both the UK and US to look forward to.
DAX, GBP/USD Forecast: Two trades to watch
DAX hovers at all-time highs post-ECB. GBP/USD rises to 2024 high ahead of the US non-farm payroll.
GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD rises ahead of the Chancellor’s Budget. EUR/USD awaits Fed Chair Powell’s testimony before Congress.
GBP/USD, GBP/JPY forecast: Forward returns around the UK Budget
The UK spring budget is set to be released tomorrow. And if GBP/USD follows its general pattern around this budget, it could be in for a tough few days - starting from today.
Forex Seasonality – March 2024: USD/JPY Gains, USD/CAD Falls in March
USD/JPY and USD/CAD could see noteworthy moves this month if history is any guide - read on to see the full data!
British Pound Analysis: Is GBP/USD Rolling Over after Fed Comments?
GBP/USD remains rangebound between 1.2500 and 1.2800. See how traders are viewing it!
DAX, GBP/USD Forecast: Two trades to watch
DAX hovers around record highs as bulls pause for breath. GBP/USD grinds higher ahead of US data.
EUR/USD, GBP/USD Forecast: Two trades to watch
EUR/USD extends gains ahead of ECB Lagarde’s speech. GBP/USD holds steady, awaiting the next catalyst.
GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD holds above 1.26 ahead of the FOMC minutes. EUR/USD holds above 1.08 as it waits for Fed minutes, eurozone consumer confidence.
GBP/USD drifts lower amid a lack of data
GBP/USD struggles around 1.26, holding onto last week's losses. The pair could continue to drift lower amid a quiet UK economic calendar. This week, US FOMC minutes and UK services PMI data will be in focus.
GBP/USD Forecast: Cable at Key 1.2525 Support after Cool UK CPI
GBP/USD is the weakest US dollar cross after this morning’s cooler-than-expected UK CPI report - see what it means (and doesn't mean) for the BOE!
GBP/USD outlook boosted by UK wages data as focus turns to inflation
GBP supported as UK wages print 5.8% vs. 5.6% expected, but the GBP/USD outlook will now be influenced by upcoming inflation reports from both US, later today, and UK on Wednesday. US CPI is expected to print 2.9% vs. 3.4% previously.
GBP/USD analysis: Currency pair of the week – February 12, 2024
For FX traders, this week's US CPI and retail sales are among the key data highlights. Pound traders also face busy week with several market moving data to come from the UK. GBP/USD technical analysis points modestly lower.
EUR/USD, GBP/USD, USD/JPY: What 40+ Years of Fed Rate Cuts Tell Us About Trading Forex
Perhaps contrary to popular opinion, the start of a new Fed rate cut cycle has NOT been a consistent bearish catalyst for the US dollar. Read on to for more!