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GBP/USD Analysis: Uptrend Remains Cautious
Article By:
Mahmoud Abdallah
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Wednesday, May 15, 2024 10:58 AM EDT
According to Forex market trading, the pound sterling briefly dipped before recovering to around $1.25 as traders digested recent labor data and monetary policy expectations.
GBP/USD Price Analysis: Dollar Softens Post PPI, Eyes On CPI
Article By:
Yohay Elam
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Wednesday, May 15, 2024 9:30 AM EDT
The US released hotter-than-expected Producer Price Index (PPI) figures. Investors expect only 44 basis points of Fed rate cuts in 2024. British wages minus bonuses grew by 6.0% in the first quarter of 2024.
FX Daily: Optimistic Bias To The Test
Article By:
ING Economics
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Wednesday, May 15, 2024 9:21 AM EDT
Markets appear to be giving an asymmetrically larger weight to the encouraging bits of US data releases, perhaps mirroring communication by the Fed which has failed to turn much more hawkish as disinflation has stalled.
USD/JPY Analysis: Uptrend Could Persist For A While
Article By:
Mahmoud Abdallah
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Wednesday, May 15, 2024 8:15 AM EDT
The Japanese yen fell again, surpassing 156 yen to the dollar, hitting its lowest level in two weeks, raising concerns about the possibility of Japanese authorities intervening again to support the currency.
Euro Climbs To Five-Week High Ahead Of US CPI Data
Article By:
Andrey Goilov
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Wednesday, May 15, 2024 7:50 AM EDT
The EUR/USD pair reached a five-week high at 1.0822, buoyed by positive market sentiment ahead of today's crucial US Consumer Price Index data release.
Japanese Market Commentary - Wednesday, May 15
Article By:
James Harte
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Wednesday, May 15, 2024 7:12 AM EDT
The rally in USDJPY has stalled for now into a test of the 156.18 level.
Two Trades To Watch: EUR/USD, USD/JPY Forecast - Wednesday, May 15
Article By:
Fiona Cincotta
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Wednesday, May 15, 2024 5:15 AM EDT
EUR/USD is extending gains for a third straight day as the US dollar falls to a monthly low versus its major peers.
AUD/JPY Rises To Near 103.50 Amid Risk-On Sentiment
Article By:
Akhtar Faruqui
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Wednesday, May 15, 2024 5:00 AM EDT
AUD/JPY extends its gains due to improved risk appetite on Wednesday.
AUD/USD Forex Signal - Extremely Bullish Above 0.6645
Article By:
Crispus Nyaga
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Wednesday, May 15, 2024 4:00 AM EDT
The AUD/USD exchange rate held steady after a hotter-than-expected inflation report from the US and a hawkish statement by Jerome Powell.
Elliott Wave Technical Analysis: New Zealand Dollar/U.S. Dollar
Article By:
Peter Mathers
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Wednesday, May 15, 2024 3:44 AM EDT
The market is currently experiencing a strong impulsive wave within a broader upward trend.
In this article: UUP
US Dollar Devaluation: How The Fed Legally Robs You
Article By:
Tactical Investor
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Wednesday, May 15, 2024 3:34 AM EDT
Since the United States abandoned the gold standard in 1971, the Federal Reserve has wielded its authority to manipulate the money supply, ostensibly to stabilize the economy.
