2025-05-14 09:43
The GBP/USD forecast suggests a hawkish stance from BoE’s Mann. BoE’s Mann noted that household inflation expectations had gone up. Inflation in the US increased by a smaller-than-expected 0.2% in April. The GBP/USD forecast suggests a hawkish stance from BoE’s Mann, who believes the labor market is more resilient than expected. As a result, rate cut expectations have eased, supporting the pound. At the same time, the dollar was fragile after poor inflation figures from the previous session. –Are you interested to learn more about MT5 brokers? Check our detailed guide- Catherine Mann said on Wednesday that the UK labor market was more resilient than she expected. This was one of the reasons she voted to keep rates on hold at last week’s meeting. Furthermore, she noted that household inflation expectations had gone up. Therefore, the central bank should proceed with caution. Mann and Huw Pill were the two policymakers who surprised markets by voting to hold rates. Elsewhere, data on Tuesday revealed that inflation in the US increased by 0.2% in April. Meanwhile, economists had expected a 0.3% increase. At the same time, the annual figure increased by 2.3%, compared to forecasts of 2.4%. The poor figures increased pressure on the Fed to lower borrowing costs. Nevertheless, there is still a chance that inflation will rebound after Trump’s tariffs. Therefore, policymakers might remain cautious. Still, the outlook for the economy has improved since China and the US agreed to slash tariffs. GBP/USD key events today Traders are not expecting high-impact releases from the UK or the US. Therefore, they will keep digesting the US CPI report. GBP/USD technical forecast: Bulls return after false breakout On the technical side, the GBP/USD price is back in its consolidation area after a failed breakout. The price currently trades above the 30-SMA with the RSI heading for the overbought region. Therefore, bulls are in the lead and might soon retest the range resistance level. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- Before the consolidation, GBP/USD was trading in an uptrend. Therefore, the price stayed above the 30-SMA. However, this changed at the 1.3401 resistance. The price started chopping through the SMA with no clear direction. Moreover, it mostly remained between the 1.3050 support and the 1.3401 resistance levels. Recently, bears triggered a breakout. However, they were unable to sustain a move lower. As a result, bulls are back in the lead and will likely challenge the range resistance. A break above would resume the previous uptrend. https://www.forexcrunch.com/blog/2025/05/14/gbp-usd-forecast-pound-gains-on-manns-hawkish-comment/
2025-05-14 08:36
The AUD/USD price analysis indicates solid wage growth in Australia. Market participants are still pricing an RBA rate cut in May. The US CPI increased by 0.2% in April, compared to forecasts of 0.3%. The AUD/USD price analysis indicates solid wage growth in Australia that is propelling the Australian dollar higher. At the same time, the US dollar remains fragile after collapsing in the previous session due to downbeat inflation data. –Are you interested to learn more about MT5 brokers? Check our detailed guide- The Aussie rose on Wednesday after data revealed that Australia’s wage price index increased by 0.9% in Q1. This figure was bigger than the forecast of 0.8% and reflected strength in the labor market. More employment data will come on Thursday. However, market participants are still pricing an RBA rate cut in May. Cooling inflation and global growth worries have solidified bets for a cut. Meanwhile, the dollar remained weak after inflation figures on Tuesday missed forecasts. According to data, the US CPI increased by 0.2% in April, compared to forecasts of a 0.3% increase. Meanwhile, the annual figure increased by 2.3%, below estimates of a 2.4% increase. The downbeat figures increased pressure on the Fed to lower borrowing costs. However, policymakers might remain cautious, waiting to see whether Trump’s tariffs boosted price pressures. Nevertheless, the outlook for the future has improved since China and the US agreed to slash tariffs. AUD/USD key events today Market participants do not expect any more key economic releases from Australia or the US. AUD/USD technical price analysis: Bulls to challenge the 0.6500 On the technical side, the AUD/USD price has broken back above the 30-SMA after failing to break below the 0.6351 key support level. Initially, the price was trading in a bullish trend above the 30-SMA. However, momentum started fading when the price reached the 0.6351 key level. Although bulls made a new high near the 0.6500 key psychological level, the price continued chopping through the SMA. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- During the most recent swing, bears failed to break below the 0.6351 support, allowing bulls to return stronger. The price now sits above the SMA with the RSI nearing the overbought region. Given the solid bullish bias, AUD/USD might soon retest the 0.6500 resistance level. A break above would strengthen the bullish bias and continue the previous uptrend. On the other hand, if the resistance holds, the price might remain in consolidation. https://www.forexcrunch.com/blog/2025/05/14/aud-usd-price-analysis-aussie-rallies-on-strong-wage-data/
2025-05-13 11:53
The GBP/USD price analysis shows a surging pound. The UK claimant count increased by 5,200, well below forecasts of 22,300. China and the US announced a 90-day pause in tariffs. The GBP/USD price analysis shows a surging pound after data revealed a smaller-than-expected increase in UK unemployment claims. At the same time, sterling gained due to dollar weakness. After Monday’s rally, market participants are locking in profits ahead of pivotal US inflation figures. –Are you interested to learn more about MT5 brokers? Check our detailed guide- Data on Tuesday revealed that the UK claimant count increased by 5,200, well below forecasts of 22,300. The miss is a sign that the labor market is faring far better than expected. As a result, the pound recovered from its previous session lows. However, other elements like wage growth and employment levels showed cracks that could put pressure on the Bank of England to lower borrowing costs. The pound also gained as the dollar paused its rally. On Monday, China and the US announced a 90-day pause in tariffs. The news boosted the dollar as it briefly ended the trade war between the two countries. At the same time, it eased worries about a US and global recession. However, by Tuesday, all focus returned to US economic data. The CPI report will contain clues on future Fed rate cuts. Upbeat numbers will lower rate cut expectations. On the other hand, downbeat figures might pressure the central bank to lower borrowing costs. GBP/USD key events today US core CPI m/m US CPI m/m US CPI y/y GBP/USD technical price analysis: Bulls aim to retest the 1.3251 key level On the technical side, the GBP/USD price has made a bearish breakout, ending a period of consolidation. The price now sits below the 30-SMA, with the RSI below 50, suggesting a bearish bias. However, after the breakout, bulls have returned to retest the recently broken range support. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- Initially, the price maintained a sideways move between the 1.3251 support and the 1.3401 resistance levels. While this happened, the RSI made a bearish divergence, showing bulls were getting weaker each time they retested the range resistance. As a result, bears became strong enough to breach the range support. If the 1.3251 level holds firm as support, the price will likely fall to the 1.3050 level, strengthening the bearish bias. Otherwise, it will return to the consolidation area. https://www.forexcrunch.com/blog/2025/05/13/gbp-usd-price-analysis-upbeat-uk-jobs-boost-pound/
2025-05-13 09:09
The AUD/USD outlook shows optimism in Australia after China and the US paused their trade war. Market participants slashed bets for Fed rate cuts this year. The US will release its crucial inflation figures. The AUD/USD outlook shows optimism for the Australian dollar after China and the US agreed to pause the trade war. As a result, the Aussie, also a proxy of the yuan, gained. In the previous session, the dollar had strengthened more than the yuan, pushing the Australian dollar lower. –Are you interested to learn more about MT5 brokers? Check our detailed guide- On Monday, reports revealed that China and the US had agreed to slash tariffs for the next 90 days, pausing their trade war. The news brought relief to traders who were worried about a US recession. Consequently, the dollar gained against most of its peers, including the Australian dollar. Still, gains were limited against the Aussie since China is Australia’s biggest trading partner. Therefore, the news that tariffs had paused was bullish for Australia’s currency as well as the yuan. Furthermore, market participants slashed bets for Fed rate cuts this year. Futures currently show only 56-bps of cuts this year. There is less pressure on policymakers to lower borrowing costs. Therefore, they will keep watching incoming data for clues on the timing for the next move. Later in the day, the US will release its crucial inflation figures. A downbeat report will ease worries of a spike due to tariffs, allowing the Fed to implement a rate cut when the time is right. AUD/USD key events today US core CPI m/m US CPI m/m US CPI y/y AUD/USD technical outlook: Bulls trigger rebound to the 30-SMA On the technical side, the AUD/USD price trades below the 30-SMA with the RSI under 50, suggesting a bearish bias. Bears recently took charge when the price failed to break above the 0.6500 key psychological level. The RSI made a bearish divergence, indicating weakness in the previous move. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- After that, the price broke below the 30-SMA and retested the 0.6351 level. Here, it paused and rose to retest the 30-SMA resistance. However, given the bearish bias, AUD/USD might soon drop to retest the 0.6351 support. A break below this level will strengthen the bearish bias by making a lower low. On the other hand, if the price breaks above the SMA, it might retest the 0.6500 key resistance level before either breaking above or remaining in consolidation. https://www.forexcrunch.com/blog/2025/05/13/aud-usd-outlook-aussie-gains-on-pause-in-china-us-trade-war/
2025-05-12 09:40
The USD/JPY outlook shows a loss of appeal for safe-haven currencies. China and the US finally agreed to pause the tariffs for 90 days. India and Pakistan agreed on a ceasefire. The USD/JPY outlook shows a loss of appeal for safe-haven currencies like the yen amid easing trade and geopolitical tensions. China and the US have agreed on a 90-day pause on tariffs. Meanwhile, India and Pakistan have agreed on a ceasefire, while Russia is finally ready to meet Ukraine. –Are you interested to learn more about MT5 brokers? Check our detailed guide- Over the weekend, top officials from China and the US met to discuss trade policy. The trade war between the two countries started in early April. It has rocked financial markets, sending most away from the dollar and to safe-haven assets like the yen. However, this changed on Monday as the dollar rallied and the yen collapsed. China and the US finally agreed to pause the tariffs for 90 days. Moreover, China is ready to cut the US trade deficit. The news boosted risk appetite and consumer confidence in US assets. Furthermore, the yen suffered as India and Pakistan agreed on a ceasefire, pausing a war that had raised economic concerns. Moreover, Russia’s president finally agreed to meet Ukraine’s leader, raising hopes of another ceasefire deal. With geopolitical tensions easing, investors are becoming more confident. As a result, safe-haven assets like the yen are collapsing. USD/JPY key events today Market participants are not looking forward to any high-impact reports from the US or Japan. All focus will remain on US trade policy developments. USD/JPY technical outlook: Solid rally meets the 148.02 key level On the technical side, the USD/JPY price has rallied sharply to reach the 148.02 key level. At the same time, the price trades well above the 30-SMA, showing bulls have a strong lead. Moreover, the RSI trades in the overbought region, indicating solid bullish momentum. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- The price has maintained a bullish trend, making higher highs and lows. However, it paused at the 146.02 level, which was the previous high. The price eventually broke above with a solid bull candle, showing a surge in momentum. Given the solid bullish bias, the price might break past the 148.02 resistance to make new highs. However, after such a sharp move, the rally might pause to allow the SMA to catch up before continuing higher. In such a case, the price could retreat to the 146.02 level. https://www.forexcrunch.com/blog/2025/05/12/usd-jpy-outlook-yen-loses-shine-as-safe-haven-appeal-dims/
2025-05-12 08:51
The USD/CAD forecast indicates a rapid de-escalation in global trade tensions. China has agreed to cut the US trade deficit. Data on Friday painted a mixed picture of Canada’s labor market. The USD/CAD forecast indicates a rapid de-escalation in trade tensions between China and the US that is supporting the dollar. Meanwhile, market participants are looking forward to US inflation figures for more clues on future Fed policy moves. –Are you interested to learn more about MT5 brokers? Check our detailed guide- The US and China finally met over the weekend after weeks of a stalemate. The two nations have been at war with each hiking tariffs to unsustainable levels. This trade war has caused a lot of anxiety in the markets, with US assets suffering the most. Economists have even predicted a global recession due to these tariffs. However, the dollar rallied on Monday after reports of a deal between China and the US. China has agreed to cut the US trade deficit. Such a move might lead to a pause in tariffs that would lift the cloud of uncertainty over both economies. Still, traders are waiting for more details on the deal. Meanwhile, data on Friday painted a mixed picture of Canada’s labor market. The economy added 7,400 jobs compared to the forecast of 4,100. However, the unemployment rate jumped from 6.7% to 6.9%, indicating weakness. This week, all focus will be on the US consumer and wholesale inflation reports. These will shape the outlook for Fed rate cuts. USD/CAD key events today Maret participants do not expect any key economic reports from the US or Canada. Therefore, they will watch US trade policy developments. USD/CAD technical forecast: Bulls eye 1.4050 after range breakout On the technical side, the USD/CAD price has broken out of its consolidation area and is now targeting higher levels. The range area was made up of the 1.3775 support and the 1.3900 resistance. The price paused after a downtrend. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- However, after a long battle, bulls have finally won, pushing the price above the 1.3900 resistance. Moreover, the price pulled back to retest the recently broken level before climbing higher. Currently, USD/CAD trades well above the 30-SMA, with the RSI in the overbought region, indicating a solid bullish bias. If this trend continues, the price will soon retest the 1.4050 key level. The bias will remain bullish as long as the price maintains its position above the SMA and the RSI above 50. https://www.forexcrunch.com/blog/2025/05/12/usd-cad-forecast-dollar-gains-as-us-china-relations-improve/
