Powell’s speech lacked indications of when rate cuts would begin. The Bank of America revised its outlook and expects the first Fed cut in December or later. Eurozone inflation is on a clear path to the 2% target. A hint of bullish sentiment emerges in the EUR/USD forecast as the dollar takes a step back...
China’s economy grew more than expected in the first quarter. Fed policymakers pushed back expectations for rate cuts. Powell noted that the US economy needs a restrictive policy for a bit longer. The AUD/USD price analysis reveals a subtle bullish tilt as the Aussie stages a comeback, propelled by encouraging economic data from China. Yet,...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts