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

Dollar close to its peak

• The Federal Reserve may be considering a rate cut despite strong economic data.
• This could weaken the US dollar and strengthen the euro.
• Short-term analysis suggests the EURUSD pair could rebound soon.

Pound Sterling outlook uncertain

• UK inflation is expected to fall in the coming months, but risks remain.
• The Bank of England may be cautious about lowering interest rates.
• GBPUSD could see volatile trading in the near term.

Short-term cryptocurrency forecasts

• Bitcoin (BTC) is expected to rise to $55,809.66.
• Ripple (XRP) is expected to rise to $0.602.
• Ethereum (ETH) is expected to rise to $2881.88 before falling to $2786.99.

Short-term forecasts for oil, gold, and EURUSD

• Oil is expected to correct to $75.11 – $74.78 before potentially rising to $78.33.
• Gold is expected to fall to $1963 – $1951.
• EURUSD is expected to correct to $1.0787 – $1.0778 before potentially rising to $1.0833 – $1.0820.

Short-term trading signals:

• EURUSD: Buy above 1.0715, sell below 1.0740.
• GBPUSD: Sell below 1.2584, buy above 1.2611.
• ETHUSD: Sell below $2,870, buy above $2,800.
• BTCUSD: Sell below $53,125, buy above $50,210.