GBP/USD forecast: signal as the UK inflation jumps

GBP/USD forecast: signal as the UK inflation jumps

The British pound has plunged in the past few days, erasing some of the recent gains. The GBP/USD exchange rate plummeted to the psychological level of 1.3400, its lowest point in three weeks and 2.8% below the year’s highest level.  UK inflation is rising The recent GBP/USD crash stalled on Wednesday after the Office of […]

Read More
 EUR/USD forecast ahead of the ECB interest rate decision

EUR/USD forecast ahead of the ECB interest rate decision

The EUR/USD exchange rate pulled back and crossed a key support level after the US released mixed economic numbers last week. It will now be in the spotlight this week as the European Central Bank (ECB) publishes its interest rate decision. Federal Reserve interest rate cut delay The EUR/USD exchange rate pulled back as hopes […]

Read More
 USD/CAD forecast before the Fed and BoC decisions

USD/CAD forecast before the Fed and BoC decisions

The USD/CAD exchange rate remained in a tight range last week, as neither the United States nor Canada released any major economic data. It will be in the spotlight this week as the August deadline on tariffs approaches and the central banks deliver key rate decisions. Federal Reserve interest rate decision The USD/CAD exchange rate […]

Read More
 USD/BRL forecast ahead of BCB, Fed decision, Brazil tariffs

USD/BRL forecast ahead of BCB, Fed decision, Brazil tariffs

The USD/BRL exchange rate remained in a tight range last week as market participants awaited the upcoming Federal Reserve and Brazilian Central Bank (BCB) interest rate decisions, as well as the potential escalation of the US-Brazil trade war. The Brazilian real was trading at 5.5648 against the US dollar, up from this month’s low of […]

Read More
 USD/JPY prediction: forecast ahead of Fed, BoJ decisions

USD/JPY prediction: forecast ahead of Fed, BoJ decisions

The USD/JPY exchange rate has formed a giant inverse cup-and-handle pattern, along with a bearish flag, as traders await the upcoming Fed and BoJ interest rate decisions. It was trading at 147.65 on Friday, down sharply from its year-high of 161.93. Fed and BoJ decisions The USD/JPY pair will be one of those in the […]

Read More