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 Price Looking To Pierce 1.08, Eyes On US GDP
The EUR/USD price remained bearish on Wednesday despite minor rebounds. The pair is trading at 1.0820 at the time of writing. The bearish trend remains dominating amid a stronger dollar.
USD/CAD Forecast: Bank Of Canada Flags Low Productivity
The USD/CAD forecast turns bullish today as the Canadian dollar is losing ground, spurred by the Bank of Canada’s observation of persistently low productivity in Canada. Moreover, the loonie weakened alongside plummeting oil prices.
AUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength
The Reserve Bank of Australia held rates on Tuesday and took on a more neutral tone. The Fed had a more dovish policy meeting, weakening the dollar. The US released better-than-expected manufacturing PMI data.
USD/CAD Weekly Forecast: Resilient Economy Boosts Greenback
After fluctuating throughout the week, the USD/CAD pair ended the week up. As the week began, data revealed a bigger-than-expected drop in Canada’s inflation, leading to increased bets for a rate cut. As a result, the Canadian dollar weakened.
Loonie Weakens After Downbeat Inflation
The USD/CAD price analysis is bullish on Wednesday, with the greenback on the front foot ahead of the FOMC meeting. Meanwhile, the Canadian dollar faces headwinds as recent data exposed a notable slump in inflation.
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.
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