Yohay Elam | TalkMarkets | Page 2
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Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ...more

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EUR/USD Forecast: Dollar Gains As Investors Await FOMC
Market participants are focused on the Fed policy meeting. Markets expect the Fed to cut rates by a total of 73 bps this year. ECB’s Martins Kazaks said he supports market expectations for three cuts in 2024.
Gold Price Calm Near $2,160 As Fed, BoE Loom
As long as it stays below the downtrend line, the XAU/USD could approach and reach new lows. The fundamentals should move the rate during the week. After such impressive growth, a correction is natural.
USD/JPY Outlook: Upbeat US Wholesale Inflation Lends Support
The USD/JPY outlook shows a bullish wave today ignited by the dollar’s surge following encouraging wholesale inflation figures. However, there was a slight pullback as investors took profits ahead of policy meetings in the US and Japan.
USD/JPY Weekly Forecast: Hotter Inflation Fades Rate Cut Odds
US consumer and producer price data revealed a spike in inflation. There was optimism that major companies in Japan would increase wages. Investors will pay attention to policy decisions in the US and Japan.
USD/CAD Outlook: Loonie Strengthens Following Oil Price Surge
The Canadian dollar strengthened after a massive surge in oil prices on Wednesday. The EIA reported a higher-than-expected draw in crude inventories last week. Traders expect US data on wholesale inflation, retail sales, and initial jobless claims.
Gold Price Loses Strength, US Retail Sales, PPI In Focus
The gold price turned to the downside and is trading at $2,168 at the time of writing. The US dollar’s rebound weighed down the precious metal.
USD/CAD Price Analysis: Strengthens Following Upbeat CPI
The dollar strengthened on Tuesday after US inflation data beat forecasts. Annual US inflation rose by 3.2%. Oil fell on Tuesday after a higher-than-expected US oil production forecast.
GBP/USD Price Corrects Gains After Mixed US NFP Data
The bias remains bullish despite temporary retreats. The US inflation should move the markets tomorrow. Failing to stay above the upper median line signaled exhausted buyers.
EUR/USD: Stable Above 1.09 As Markets Await US CPI
The EUR/USD outlook is mildly bullish, setting a positive tone ahead of the highly anticipated US inflation report. Adding to the euro’s momentum, Peter Kazimir, Chief of Slovakia’s Central Bank, said the ECB should hold off on rate cuts.
USD/CAD Outlook: Markets Assess Canada’s Upbeat Jobs Report
The USD/CAD outlook reveals a slight bearish tone as markets juxtapose Canada’s upbeat employment report with the mixed signals from the US job market. Yet, amidst this comparison, the pair finds support from softer oil prices.
EUR/USD Outlook: Dollar Declines As US Jobs Data Looms
The ECB held rates on Thursday and prepared for the first rate cut in June. There is a growing divergence in the outlook for inflation and growth between the Eurozone and the US.
USD/CAD Forecast: BoC Deals A Blow To Rate Cut Expectations
Governor Tiff Macklem dimmed expectations that the central bank would soon start cutting rates. The likelihood of a BoC rate cut in April fell to 23% from 43%. Oil prices have been on the rise recently due to supply worries.
AUD/USD Forecast: Dollar Retreats Ahead Of Powell Testimony
Today’s AUD/USD forecast leans bullish as the dollar weakens ahead of Powell’s testimony to Congress. This weakness extended from the previous session when the US released downbeat economic data.
Gold Price Soars As Dollar Weakens, Eyes On US Data
The gold price is bullish as long as it stays above the upper median line (uml). Taking out the immediate resistance levels activates further growth. The fundamentals should be decisive tomorrow.
USD/JPY Forecast: Yen Retreats Following Ueda’s Remarks
BoJ’s Ueda said it is too early to say Japan’s inflation will soon reach the 2% target. Markets remain uncertain about the outcome of the March 19 BoJ policy meeting. The dollar was range-bound after it fell on Friday due to poor economic data.
EUR/USD Price Wobbling Near Resistance, All Eyes On Core PCE
The bias is bearish as long as it stays below the upper median line. The US economic data should bring strong action. Escaping from the up channel signaled a new leg down.
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