USD/CAD Price Forecast: Trades cautiously ahead of US PCE inflation, Canadian GDP
The USD/CAD pair trades with caution below the psychological resistance of 1.3500 in Friday’s European session.
US Dollar eases further with PCE coming in softer than expected
The US Dollar (USD) trades lower in the Personal Consumption Expenditures (PCE) aftermath this Friday. The Greenback dips outside of the tight range in where it was stuck visible on the US Dollar Index (DXY) chart. Fed futures are pricing in again a
Pound Sterling reclaims 1.3400 on soft US PCE inflation
The Pound Sterling (GBP) recovers sharply above the round-level resistance of 1.3400 against the US Dollar (USD) in Friday’s North American session.
NZD/USD inches lower to near 0.6300 as traders adopt caution ahead of US PCE Inflation
NZD/USD retraces its recent gains, trading around 0.6300 during the European hours on Friday.
AUD/USD consolidates below 0.6900 ahead of US PCE data, bulls have the upper hand near YTD top
The AUD/USD pair oscillates in a narrow trading band below the 0.6900 mark through the first half of the European session on Friday and remains close to its highest level since February 2023 touched earlier this week.
USD/CAD stays sideways below 1.3500 after US inflation, Canadian GDP data
The USD/CAD continues to range below the psychological resistance of 1.3500, in Friday’s New York session, despite the release of the United States (US) Personal Consumption Expenditure inflation (PCE) report for August, suggesting that inflation is on track to return to bank’s target of 2%.
The Fed’s Preferred Inflation Gauge Cooled in August
Inflation is slowing so much that some economists said it could pave the way for another big Fed rate cut, if other data suggest one is warranted.
Pound Sterling Price News and Forecast: GBP ranges below 1.3400 with US PCE inflation under spotlight
The Pound Sterling (GBP) performs weakly against its major peers, except the Asia-Pacific currencies, on Friday.
USD/CAD approaches 1.3500 ahead of US PCE Price Index/Canadian GDP
The USD/CAD pair regains positive traction during the Asian session on Friday and looks to build on this week's recovery move from the 1.3420 area, or its lowest level since March 8.
EUR: Another break above 1.12 is possible – ING
Eurozone-wide CPI figures will be published next Tuesday, and another break above 1.12 for EUR/USD is surely possible into next week’s US payrolls data, FX strategist Francesco Pesole notes.
GBP: Strength continues – ING
It’s been a quiet week in the UK calendar, but the weak economic indicators out of the eurozone have dealt a blow to EUR/GBP, ING’s FX strategist Francesco Pesole notes.
Core Inflation Ticks Up To 2.7%, Stuck At High Level Since May
Core inflation may have become embedded at a high rate, raising questions about further progress on restoring price stability. | Economy
US PCE growth slows to 2.2pc in August
Inflation inched closer towards the Federal Reserve's target last month, according to the Commerce Department, paving the way for future interest rate cuts.
Inflation Falls to Lowest Level Since 2021, Boosting Hopes for More Interest Rate Cuts
Inflation cooled more than economists expected in August, reinforcing expectations that the Federal Reserve will continue cutting interest rates.
EUR/USD depreciates to near 1.1150 ahead of speeches from ECB Lane, Cipollone
EUR/USD retraces its recent gains registered in the previous session, trading around 1.1170 during the Asian session on Friday.
Pound Sterling Price News and Forecast: GBP/USD attracts sellers and is pressured by a modest USD strength
The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day.
GBP/USD retreats from its highest level since March 2022, slips below 1.3400 mark
The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day.
Japanese Yen rises as Ishiba wins LDP presidential election
The Japanese Yen (JPY) gains ground as former Defense Chief Shigeru Ishiba won the Liberal Democratic Party's (LDP) presidential election to become Japan's prime minister.
NZD/USD slides to 0.6300 mark, downside seems cushioned ahead of US PCE Price Index
The NZD/USD pair attracts some sellers near the 0.6335 region during the Asian session on Friday and reverses a part of the previous day's strong move up.
Gold price pulls back from record high ahead of US PCE Price Index, bullish bias remains
Gold price (XAU/USD) extended its record-breaking run for the fifth straight day on Thursday amid the emergence of fresh US Dollar (USD) selling.
Fed's Favored Inflation Gauge, Consumer Spending Barely Rise
(Bloomberg) — The Federal Reserve’s preferred measure of underlying US inflation and household spending rose modestly in August, underscoring a cooling economy.
USD/CAD softens below 1.3500, with all eyes on US PCE data
The USD/CAD pair edges lower to near 1.3470 during the early Asian session on Friday, pressured by the weaker US Dollar (USD) broadly.
Australian Dollar holds strong due to monetary policy divergences, eyes on PCE data from the US
The AUD/USD pair surged higher on Thursday, rising by 0.90% to 0.6890.
Forex Today: Investors now look at US PCE amidst Fed rate cut bets
The Greenback navigated quite a bearish session on Thursday, giving away a big chunk of Wednesday’s gains despite higher yields and amidst a persistently firm sentiment in the risk-associated universe.
AUD/USD retraces Wednesday’s losses with Fed Powell’s speech on the horizon
The AUD/USD pair bounces back strongly from Wednesday’s low of 0.6820 to near the round-level resistance of 0.6900 in Thursday’s North American session.
AUD/JPY Price Analysis: Extends winning streak for ninth trading session
The AUD/JPY pair rises further to near 99.60 in Thursday’s European session.
Dollar firm following sharp rebound as Fed speakers eyed
TOKYO : The dollar held firm on Thursday following its sharpest rally since early June as traders looked ahead to speeches from key Federal Reserve policymakers later in the day for clues on the pace of interest rate cuts.The U.S. currency rebounded strongly overnight from a more than one-year low to the
EUR/GBP consolidates above 0.8350 ahead of ECB’s Lagarde speech
The EUR/GBP cross flat lines around 0.8355 during the early European session on Thursday.
EUR/USD strengthens to near 1.1150 ahead of Fed’s Powell speech
The EUR/USD pair trades firmer near 1.1140 during the Asian trading hours on Thursday, bolstered by the weaker Greenback broadly.
EUR: Rangebound swings ahead – ING
The support from China’s stimulus story waned yesterday, and EUR/USD’s exploration above 1.1200 proved to be very short-lived amid quarter-end USD buying, ING’s FX strategist Francesco Pesole notes.
Forex Today: Markets eagerly await SNB rate decision, Powell and Lagarde
Here is what you need to know on Thursday, September 26: After witnessing a solid turnaround in American trading on Wednesday, the US Dollar (USD) pauses its recovery and remains in a consolidative mode heading into the European opening bells on Thursday.
GBP/JPY attracts some buyers above 193.00, focus shifts to Tokyo CPI data
The GBP/JPY cross extends the rally to near 193.10 during the early European session on Thursday.
GBP/USD edges higher amid modest USD downtick, remains below mid-1.3300s
The GBP/USD pair regains some positive traction during the Asian session on Thursday and reverses part of the overnight sharp retracement slide from the 1.3430 region, or its highest level since March 2022.
Gold price holds steady near record high, awaits Fed's Powell before the next leg up
Gold price (XAU/USD) extends its sideways consolidative price move for the second straight day on Thursday and remains well within striking distance of the record high touched the previous day.
Pound Sterling Price News and Forecast: GBP gains against US Dollar as traders brace Fed Powell’s speech
The Pound Sterling (GBP) rebounds slightly from the key support near 1.3300 against the US Dollar (USD) in Thursday’s London session after correcting sharply on Wednesday.
Pound Sterling Price News and Forecast: GBP/USD attracts some dip-buying on Thursday
The GBP/USD pair regains some positive traction during the Asian session on Thursday and reverses part of the overnight sharp retracement slide from the 1.3430 region, or its highest level since March 2022.
Pound Sterling bounces back strongly with Fed Powell’s speech in focus
The Pound Sterling (GBP) rebounds strongly to near the key support near 1.3400 against the US Dollar (USD) in Thursday’s North American session after correcting sharply on Wednesday.
US Dollar back to flat after very muted market reaction on chunky US data release
The US Dollar (USD) sees markets quickly digest the data and puts aside the bulk of Federal Reserve speakers now that Fed Chairman Jerome Powell will not comment on markets or policy. Besides a bulk data release, no less than eight  US Federal
USD/CAD Price Forecast: Trades at make or a break near 1.3450
The USD/CAD pair edges lower to near 1.3465 in Thursday’s European session after a strong recovery on Wednesday.
last updated on 27 Sep 17:22