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AUD/USD Forecast: RBA Decision vs Hawkish Fed Risks Cap Near-Term Upside
The AUD/USD forecast edges to the downside despite a hotter inflation print as the yields fell sharply, suggesting only a single RBA hike in the near term. Trump’s nomination of Kevin Warsh as the next Fed Chair lifts the US dollar, as markets view the decision as less dovish. COT positioning suggests reduced AUD longs,...
EUR/USD Weekly Forecast: Bulls Fading from Multi-Year Top Ahead of ECB, NFP
The EUR/USD weekly forecast points to a corrective downside despite the pair ending the week with net gains, as the US dollar recovered slightly. Upbeat US PPI and the Fed’s hold in its recent meeting lent room to the falling dollar. The markets will closely watch the ECB rate decision and US employment data for...
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USD/JPY Outlook: Sellers Dominate on Intervention Risk, Hawkish BoJ
The USD/JPY outlook remains strongly bearish as intervention risks, a hawkish BoJ, and a weaker dollar ignite a reversal. The report of the NY Fed verifying USD/JPY levels with the dealers was considered a hint of intervention. Markets await the FOMC rate decision and Japan’s key data releases for more trading opportunities. The USD/JPY price...
USD/CAD Forecast: Bearish Under 1.38 Amid Stable WTI & Improved Risk, US PMI Eyed
The USD/CAD forecast remains strongly bearish under 1.3800 as the geopolitical risks ease. Upbeat US GDP data failed to sustain buying pressure for the US dollar. Stable oil prices and receding oversupply concerns continue to support the loonie. USD/CAD has stabilized around 1.3790 after snapping a four-day losing streak, as the US dollar finds a...
