This week looks to be relatively quiet in terms of data releases and market activity, providing investors with a chance to catch their breath and focus on analysis and forecasts. However, there are still some key events to watch out for:
Compared to the busy previous week, this week’s economic calendar is lighter, offering investors a chance to catch their breath. However, several key events could still impact markets, particularly on Tuesday and Thursday.
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.
Get ready for a packed week in the financial markets! This week brings a mix of central bank updates and crucial data releases that could impact asset prices. Here’s a breakdown of what to expect:
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The Reserve Bank of Australia’s monetary policy stance could support the Australian dollar. The Federal Reserve’s plans to cut rates to 4.75% in 2024 are creating a discrepancy between investor views and FOMC forecasts. The US dollar remains strong despite a recent decline. The future of the EUR/USD pair depends on upcoming economic data.
USD bullishness driven by expectations of Fed tightening and weak yen. EUR bearishness driven by expectations of ECB easing and strong USD. AUD bearishness driven by hawkish RBA stance and strong USD. Bitcoin consolidation with unclear future direction.
