The major currencies (EUR, GBP, AUD) seem to be in a consolidation phase with potential for corrections or continuations of their current trends depending on upcoming news events. JPY might experience further bullish momentum. The impact of the RBNZ interest rate decision on NZD/USD is uncertain.

A data-heavy week could lead to more volatility in stock markets, especially with the CPI data release. Pay attention to these events and central bank pronouncements to make informed investment decisions. Investors should be prepared for potential price swings.

The US dollar may weaken in the short-term due to weaker than expected jobs data, but the long-term trend is uncertain. The Eurozone and Australian Dollar may see some gains in the near future. The British Pound, Japanese Yen, and New Zealand Dollar are likely to depreciate against the USD. Gold prices may continue to rise.

A quiet start to the week picks up steam on Wednesday with central bank decisions and US inflation data. The ECB meeting and US CPI report are the key events to watch for potential market swings.

Important Events: US Building Permits Issued and Housing Starts data release (expected to have minimal impact). RBA meeting (could impact AUD/USD). BOJ policy decision and press conference (could impact USD/JPY)

The Federal Reserve may consider cutting interest rates despite strong economic data if inflation slows down. The US dollar is likely to weaken in the late spring and early summer due to potential Fed easing. GBPUSD may experience a correction in the short term but could rebound later. EURUSD has the potential to rise in the near future. Bonus: Short-term forecasts for BTCUSD, XRPUSD, and ETHUSD

US inflation data impacted major currencies, with USD strengthening and EUR, GBP, and JPY weakening. Corrections are predicted for several currency pairs and commodities before potential further movements. Australian employment data and US retail sales report on Thursday could impact forex markets. EUR, JPY, and CHF remain vulnerable to further weakness against USD.

The global forex market is currently in a wait-and-see mode, with key data releases from the US expected to provide direction. This report covers several key currency pairs, including GBP/USD, USD/JPY, EUR/USD, and XAU/USD (Gold). Here’s a breakdown of the main points:

This week promises to be a pivotal one for the US dollar, with key data releases and central bank decisions on the horizon. The market is waiting to see if the recent slowdown in US inflation will continue, potentially paving the way for Federal Reserve rate cuts later this year.