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Forex And Cryptocurrencies Forecast For April 29 - May 3
Article By:
Roman Butko
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Saturday, April 27, 2024 1:40 PM EDT
Rate cut forecasts led to the US currency rising to five-month highs in mid-April against the euro, British pound, Australian, and New Zealand dollars, with the USD/JPY pair reaching a 34-year price record. However, that was in mid-April.
Week Ahead: FOMC, US Jobs, EMU Inflation, JPY Pressure
Article By:
Marc Chandler
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Saturday, April 27, 2024 1:00 PM EDT
The backing up of US rates did not broadly lift the dollar as it appeared to have done previously. The dollar-bloc currencies, led by the Australian dollar, advanced last week, while the Swiss franc and Japanese yen were unable to find traction.
Earnings To The Rescue Amid Rekindled Hope For Inflation Seasonality
Article By:
Stephen Innes
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Friday, April 26, 2024 6:49 PM EDT
Wall Street has significantly revised its expectations for Fed rate cuts in 2023. Traders have shifted their bets from initially anticipating seven cuts to now predicting just one.
AUD/USD Climbs 1.82% Across Four Sessions
Article By:
Finance Brokerage
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Friday, April 26, 2024 1:35 PM EDT
The Australian dollar has demonstrated remarkable resilience and vigor, charting a course of consistent gains throughout the week.
USDJPY Charges Higher: Uptrend Confirmed Or Bullish Momentum Extended?
Article By:
ForexCycle
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Friday, April 26, 2024 8:12 AM EDT
USDJPY’s price action suggests continued strength.
Japanese Market Commentary - Friday, April 26
Article By:
James Harte
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Friday, April 26, 2024 7:25 AM EDT
Traders are questioning whether we’re seeing the first signs of intervention today by Japanese authorities after USDJPY suddenly plunged around 1.2% before reversing the losses immediately.
EURUSD Climbs: Uptrend Resumption Or Bullish Correction?
Article By:
ForexCycle
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Friday, April 26, 2024 7:13 AM EDT
EURUSD has displayed renewed buying pressure, breaking above key resistance.
GBP/USD Forecast: USD Strength, GBP Weakness
Article By:
Christopher Lewis
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Friday, April 26, 2024 5:56 AM EDT
The British pound initially rally during the trading session on Thursday but seems to be looking at the 1.25 level as a major barrier that’s all but impossible to stay above for any significant amount of time.
