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Forecasts
The British Pound remains vulnerable to further losses against the US dollar but continues to move back towards a multi-year high against the Japanese Yen. GBP/AUD set for a six day rally.
In this article, we analyze EUR/USD, USD/JPY, GBP/USD and AUD/USD from a technical standpoint, highlighting crucial price levels that may act as support or resistance in the upcoming week.
EUR/USD was the main beneficiary of the dollar’s massive slide late on Friday after markets reduced the likelihood of another US hike amid slowing jobs data
The BoJ delivered a minimal tweak to policy this week with markets still betting on rate hikes in April 2024. USDJPY benefitted from a weaker US Dollar which should it continue could negate the need for full blown BoJ FX intervention.
The Australian Dollar found some traction ahead of the RBA monetary policy decision in the aftermath of accelerating inflation. Will a rate hike further boost AUD/USD and AUD/JPY?
The US bond market is sending out a clear signal, interest rates have peaked and they are going down next year. This US dollar weakness is helping GBP/USD reverse its recent slump