2025-04-01 12:26

The USD/JPY price analysis shows a rebound in the safe-haven yen. Data on Tuesday revealed poor business sentiment among Japanese manufacturers. The dollar drifted on Tuesday, ahead of the start of new tariffs. The USD/JPY price analysis shows a rebound in the safe-haven yen as traders increasingly worry about the looming Trump tariffs. However, trading remained thin as the dollar drifted amid uncertainty over the upcoming tariffs. Meanwhile, data from Japan revealed poor business sentiment amid the escalating global trade war. -Are you looking for the best AI Trading Brokers? Check our detailed guide- The yen has benefitted greatly from the uncertainty that has come with Trump’s tariff campaigns. Its safe-haven nature has allowed it to gain when most other currencies have collapsed. However, Japan is not an island when it comes to trade. The ongoing global trade will have a negative impact on Japan’s export-reliant economy. As a result, recent gains in the yen have been short-lived. Traders are increasingly worried about the economy and what it will mean for BoJ rate hikes. Notably, data on Tuesday revealed poor business sentiment among Japanese manufacturers in the three months to March. This was an early sign that the global trade tensions will impact Japan. On the other hand, the dollar drifted on Tuesday, ahead of the start of new tariffs. Market participants remain uncertain about which countries will suffer the levies and its impact on their economies. At the same time, fears of stagnation in the US have dampened appetite for the US currency. USD/JPY key events today ISM Manufacturing PMI JOLTS Job Openings USD/JPY technical price analysis: Bears gear up for a new low On the technical side, the USD/JPY price is bouncing lower after retesting the 30-SMA resistance and the recently broken channel line. The price has remained below the SMA with the RSI under 50, suggesting a bearish bias. -Are you looking for the best MT5 Brokers? Check our detailed guide- The price recently broke below its bullish channel support, indicating a surge in bullish momentum. However, before continuing lower, it rebounded to retest the recently broken level. From there, bears must return to make a lower low and confirm a new downtrend. If this happens, the price will reach lower support levels, including the 148.25 and 146.75. On the other hand, bulls will take back control if the price fails to make a lower low. In this case, USD/JPY would break above the 30-SMA and the 151.01 resistance to make a new high and continue the bullish trend. https://www.forexcrunch.com/blog/2025/04/01/usd-jpy-price-analysis-yen-rebounds-as-tariff-fears-mount/

2025-04-01 09:00

The AUD/USD outlook shows more reason for the RBA to continue cutting interest rates. Economists believe the next RBA cut will come in May. The dollar struggled for direction on Tuesday amid tariff uncertainty. The AUD/USD outlook shows more reason for the Reserve Bank of Australia to continue cutting interest rates. However, policymakers voted to keep rates unchanged on Tuesday. Meanwhile, data from Australia revealed a smaller-than-expected increase in sales, raising expectations of RBA rate cuts. -Are you looking for the best AI Trading Brokers? Check our detailed guide- The Reserve Bank of Australia kept interest rates unchanged on Tuesday, as expected. However, policymakers were concerned about the impacts of more Trump tariffs on the global economy. These concerns showed that the central bank might be more willing to lower borrowing costs during the next meeting. Additionally, downbeat inflation data in February increased pressure on the RBA to continue easing. As a result, economists believe the next cut will come in May. On the other hand, the dollar struggled for direction on Tuesday amid uncertainty regarding Trump’s tariffs. Market participants are looking forward to additional Trump tariffs that might escalate the global trade war. Such an outcome will mean poor growth in the US and a likely recession. At the same time, a higher cost of goods will reignite inflation, forcing the Fed to keep rates elevated. Consequently, analysts are predicting a period of dollar weakness. Moreover, these trade wars will impact other economies like Australia. Therefore, the risk-sensitive Aussie might also suffer. AUD/USD key events today US ISM Manufacturing PMI US JOLTS Job Openings AUD/USD technical outlook: Bears eye the 0.6200 key support level On the technical side, the AUD/USD price has made a lower low below the 0.6275 support level. The price trades below the 30-SMA with the RSI below 50, indicating a solid bearish bias. After breaking below the support, the price rebounded for a retest and might continue lower. -Are you looking for the best MT5 Brokers? Check our detailed guide- The AUD/USD price has remained between the 0.6200 support and the 0.6390 resistance for some time. Trends within this region have been short and shallow, with the price chopping through the 30-SMA. The current bearish trend started when the price met the 0.6390 resistance level. If this trend continues, the price will soon reach the 0.6200 support level. A break below this level would strengthen the bearish bias, allowing the pair to start a strong strength. However, if it holds firm, the consolidation will continue. https://www.forexcrunch.com/blog/2025/04/01/aud-usd-outlook-rba-concerned-for-the-global-economy/

2025-03-31 11:11

The USD/CAD outlook shows a sharp decline in the Canadian dollar to start a week. On Wednesday, Canada might finally start feeling the pain of a high blanket tariff. Data in the previous session also showed hotter-than-expected underlying US inflation. The USD/CAD outlook shows a sharp decline in the Canadian dollar to start a week when Trump might impose a 25% tariff on Canada. Consequently, traders dumped the loonie, anticipating negative impacts on Canada’s economy. Meanwhile, the dollar surged after upbeat inflation figures in the previous session. -Are you looking for the best AI Trading Brokers? Check our detailed guide- Since February, Canada has narrowly escaped a 25% US tariff as Trump kept postponing and suspending. However, on Wednesday, Canada might finally start feeling the pain of such a high blanket tariff on all its imports to the US. Canada exports nearly 75% of its goods to the US. Therefore, the impact of such a tariff will be massive on the economy. However, Canada will not take the tariff lying down. Top officials have shown their readiness to impose counter-tariffs. This would escalate the trade war between the two countries. As a result, there was little delight after data on Friday revealed a bigger-than-expected expansion in Canada’s economy. Meanwhile, data in the previous session also showed hotter-than-expected underlying inflation in the US. It will likely keep the Fed cautious, boosting the dollar. USD/CAD key events today Market participants do not expect any key releases from Canada or the US today. Any volatility will come from the anticipation of US tariffs. USD/CAD technical outlook: Trendline breakout signaling uptrend On the technical side, the USD/CAD price has broken above its bearish trendline, indicating a surge in bullish momentum. Before the breakout, the price oscillated between this trendline and the 1.4250 support level. There was no clear direction in the market as the price chopped through the 30-SMA. -Are you looking for the best MT5 Brokers? Check our detailed guide- However, the breakout indicates that bulls might be ready to start an uptrend. The price has made a solid swing above the 30-SMA. At the same time, the RSI has risen to trade nearer the overbought region, showing stronger bullish momentum. Still, they must break above the 1.4400 resistance level to make a higher high and confirm a new trend. If the price fails to break above this resistance, it might drop to retest the trendline before climbing higher or falling back to the 1.4250 support. https://www.forexcrunch.com/blog/2025/03/31/usd-cad-outlook-loonie-takes-a-nosedive-amid-25-tariff/

2025-03-31 09:08

The USD/JPY forecast indicates increasing panic over the global economy. The yen was on the front foot at the start of the week. Data showed that the US core PCE price index increased by a bigger-than-expected 0.4%. The USD/JPY forecast indicates increasing panic over the global economy as Trump’s April tariffs loom. As a result, the yen soared on Monday amid safe-haven demand. On the other hand, the dollar collapsed as Treasury yields fell due to increased demand for bonds. -Are you looking for the best AI Trading Brokers? Check our detailed guide- The yen was on the front foot to start the week as market participants worried about new Trump tariffs beginning on Wednesday. The US president has promised a 25% auto tariff and reciprocal tariffs on almost all countries that trade with the US. As a result, experts are forecasting an escalation of the global trade war. At the same time, the rising cost of goods might drive inflation higher in most countries. Weak global growth will mean an erosion of investors’ money. Therefore, many traders prefer to put their cash in safe-haven assets like the yen, gold, and US debt. The dollar has remained fragile since Friday despite data showing an unexpected surge in underlying inflation. Notably, the core PCE price index increased by 0.4%. Meanwhile, economists had expected an increase of 0.3%. The inflation report will keep the Fed cautious. This week, traders will watch the US monthly employment figures. USD/JPY key events today Market participants do not expect any key economic reports today. Therefore, all focus will remain on the looming Trump tariffs. USD/JPY technical forecast: Sentiment shifts with channel breakout On the technical side, the USD/JPY price has broken out of its bullish channel, indicating a bearish shift in sentiment. Currently, the price trades well below the 30-SMA, and the RSI is nearing the oversold region. Therefore, the bearish bias is strong. -Are you looking for the best MT5 Brokers? Check our detailed guide- Initially, the price made higher highs and lows within a bullish channel. However, the rally paused when bulls met the 151.01 resistance level. The price made a double top at this level, plus a bearish RSI divergence, signalling a looming reversal. Soon after, a surge in bearish momentum saw the price break below the 30-SMA. At the same time, the RSI dipped into bearish territory below 50. Given the solid bearish momentum, the price will soon retest the 148.25 support level If the downtrend continues, USD/JPY will likely reach the 146.75 support level. https://www.forexcrunch.com/blog/2025/03/31/usd-jpy-forecast-traders-brace-for-trumps-next-move/

2025-03-29 17:53

The USD/CAD weekly forecast indicates unexpected strength in Canada’s economy. US data this week came in higher than expected, easing fears of a recession. There is uncertainty over Trump’s looming tariffs. The USD/CAD weekly forecast indicates unexpected strength in Canada’s economy that is keeping the loonie afloat. Ups and downs of USD/CAD The USD/CAD pair had a bearish week as the Canadian dollar strengthened despite fears of a looming 25% tariff on Canada. Meanwhile, uncertainty regarding Trump’s April tariffs kept traders on the sidelines. -Are you looking for the best AI Trading Brokers? Check our detailed guide- US data this week came in higher than expected, easing fears of a recession. These included business activity, GDP and inflation figures. As a result, the dollar rebounded. However, uncertainty over Trump’s looming tariffs kept a lid on gains. Meanwhile, the Canadian dollar gained after data revealed a bigger-than-expected expansion in Canada’s economy. The currency performed well despite a dimming outlook for the economy due to Trump’s tariffs. Next week’s key events for USD/CAD Next week, both the US and Canada will release crucial monthly employment data showing the state of their labor markets. Economists forecast a slight increase in job growth in Canada. However, the unemployment rate might also edge higher. Meanwhile, in the US, job growth might ease in March, with the unemployment rate holding at 4.1%. Better-than-expected figures will lower expectations for BoC and Fed rate cuts. On the other hand, weakness in the labor market would pile pressure on both central banks to lower borrowing costs. USD/CAD weekly technical forecast: Price remains in consolidation On the technical side, the USD/CAD price is below the 22-SMA, and the RSI is under 50, indicating a bearish bias. However, the price also trades in a range between the 1.4175 support and the 1.4502 resistance level. It entered this range after a solid bullish rally. An attempt to continue the uptrend failed when the price met the 1.4804 resistance. As a result, the price fell back into the consolidation area. -Are you looking for the best MT5 Brokers? Check our detailed guide- Within the range, bears are in the lead. Therefore, the price might soon retest the range support. A break below this level would confirm a bearish reversal, allowing the price to retest the 1.3802 support. On the other hand, if bulls take back control within the range, the price will retest the 1.4502 resistance. A break above this level would confirm a continuation of the previous bullish trend. https://www.forexcrunch.com/blog/2025/03/29/usd-cad-weekly-forecast-surprise-data-keeps-loonie-afloat/

2025-03-29 17:51

The AUD/USD weekly forecast shows a resilient Aussie. Inflation in Australia increased by a smaller-than-expected 2.4%. Economists believe the RBA will keep rates unchanged. The AUD/USD weekly forecast shows a resilient Aussie as market participants gear up for the RBA meeting and Trump tariffs. Ups and downs of AUD/USD The AUD/USD pair had a slightly bullish week as the Australian dollar gained despite weak inflation figures from Australia. However, the pair closed below its highs. Meanwhile, the dollar fluctuated between gains and losses as traders worried about looming tariffs and absorbed upbeat US data. -Are you looking for the best AI Trading Brokers? Check our detailed guide- Data on Wednesday revealed that inflation in Australia increased by a smaller-than-expected 2.4%. However, RBA policymakers are likely to remain cautious due to high underlying inflation. Meanwhile, Trump confirmed an automobile tariff starting next week that might escalate global trade tensions. Next week’s key events for AUD/USD Next week, market participants will focus on the Reserve Bank of Australia policy meeting. Additionally, they will focus on monthly employment data from the US. The RBA implemented its first rate cut in February. However, this time, economists believe the central bank will keep rates unchanged. Meanwhile, the US might record slower job growth, with the unemployment rate holding at 4.1%. A surprising figure will cause volatility and shape the outlook for Fed rate cuts. AUD/USD weekly technical forecast: Bears set their sights on the 0.6100 support On the technical side, the AUD/USD price trades slightly below the 22-SMA with the RSI below 50, suggesting a bearish bias. However, the price has been chopping through the SMA since it paused near the 0.6100 support level. -Are you looking for the best MT5 Brokers? Check our detailed guide- Initially, AUD/USD was in a developed downtrend, keeping below the 22-SMA with the RSI under 50. However, the decline paused when the price reached the 0.6100 support level. Here, it entered a corrective phase in which bulls and bears were almost equally matched. This corrective move rose and paused at a solid resistance zone comprising the 0.382 Fib retracement and the 0.6390 level. Currently, bears are trying to push off the 22-SMA. A surge in momentum next week might allow the price to retest the 0.6100 support. A break below this level will confirm a continuation of the downtrend. On the other hand, if bulls overpower bears, the price will break above the SMA and the resistance zone to start making higher highs and lows. https://www.forexcrunch.com/blog/2025/03/29/aud-usd-weekly-forecast-resilient-despite-tariffs-eying-rba/