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EUR/JPY price forecast: Targets 171.50 support after breaking below nine-day EMA
EUR/JPY loses ground for the third consecutive day, trading around 171.80 during the European hours on Friday. The technical analysis of the daily chart suggests a prevailing bullish bias as the currency cross remains within the ascending channel pattern.
Fxstreet
Fri, Aug 15
Pound Sterling recovers against US Dollar after PPI-induced sell-off
The Pound Sterling (GBP) recovers slightly to near 1.3540 against the US Dollar (USD) on Friday, paring back some of the losses seen on Thursday, when the US Dollar (USD) bounced back strongly after the United States (US) Producer Price Index (PPI) report for July showed that wholesale prices rose a
Fxstreet
Fri, Aug 15
USD/CAD remains subdued near 1.3800 ahead of US economic data
USD/CAD retraces its recent gains registered in the previous session, trading around 1.3800 during the early European hours on Friday. The pair depreciates as the US Dollar (USD) declines amid rising odds of the Federal Reserve (Fed) reducing interest rates in September.
Fxstreet
Fri, Aug 15
GBP/JPY Price Forecast: Continues to face selling pressure around 200.00
The GBP/JPY pair slides 0.3% to near 199.30 during the Asian trading session on Friday. The cross faces a sharp selling pressure as the Japanese Yen (JPY) has strengthened, following the release of the surprisingly upbeat preliminary Q2 Japan’s Gross Domestic Product (GDP) data.
Fxstreet
Fri, Aug 15
GBP/USD strengthens to near 1.3550 as US Retail Sales data looms
The GBP/USD pair gathers to around 1.3545 during the early European session on Friday, bolstered by a weaker US Dollar (USD). Additionally, the stronger-than-expected UK economic data underpins the Pound Sterling (GBP) against the Greenback.Fxstreet
Fri, Aug 15
EUR/JPY falls to near 171.50 following Japan’s Q2 GDP data
EUR/JPY extends its losses for the third successive session, trading around 171.70 during the Asian hours on Friday. The currency cross loses ground as the Japanese Yen (JPY) rises following stronger-than-expected Japanese Gross Domestic Product (GDP) data for the second quarter.Fxstreet
Fri, Aug 15
USD/CAD Price Forecast: Trades firmly near 1.3800 ahead of US Retail Sales data
The USD/CAD pair holds onto Thursday’s gains around 1.3800 during the Asian trading session on Friday. The Loonie pair trades firmly as the US Dollar (USD) has strengthened, following the release of the hotter-than-projected United States (US) Producer Price Index (PPI) data for July.Fxstreet
Fri, Aug 15
EUR/USD trades above 1.1650, rebounds after losing nearly half a percentage point
EUR/USD retraces its recent losses from the previous session, trading around 1.1660 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) struggles amid rising expectations that the Federal Reserve (Fed) will cut rates in September.
Fxstreet
Fri, Aug 15
Australian Dollar remains steady following Chinese economic data
The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on Friday, following disappointing key economic data from China, Australia’s major trading partner. The AUD/USD lost more than 0.5% in the previous session as the US Dollar gained ground following stronger US economic data.
Fxstreet
Fri, Aug 15
USD/CAD flat lines above 1.3800 as traders await US Retail Sales release
The USD/CAD pair trades flat near 1.3815 during the early Asian session on Friday. Traders await the release of US Retail Sales and the preliminary reading of the University of Michigan Consumer Sentiment gauge, which are due later on Friday.Fxstreet
Thu, Aug 14
USD/CHF Price Forecast: Climbs as hot PPI boosts the Dollar
The USD/CHF rises during the North American session as recent economic data from the States prompted investors to reduce bets that the Fed would cut rates by 50 bps, as stated by the US Treasury Secretary Scott Bessent on Wednesday. At the time of writing, the pair traded at 0.8077, up 0.26%.Fxstreet
Thu, Aug 14
EUR/USD dives as scorching US PPI kills hopes for jumbo Fed cut
EUR/USD dives sharply on Thursday as the latest inflation report in the United States (US) caught traders off guard, who were betting on a slim chance of a 50 basis points (bps) Federal Reserve (Fed) rate cut in September. Currently, the pair trades at 1.1638, down 0.57%.Fxstreet
Thu, Aug 14
Canadian Dollar backslides on newfound US Dollar strength
The Canadian Dollar (CAD) took a step lower on Thursday, driven down by a broad-market upswing in the US Dollar (USD). United States (US) Producer Price Index (PPI) inflation for July was the key driving headline, trimming bets of when the Federal Reserve’s (Fed) next rate-cutting cycle would begin.Fxstreet
Thu, Aug 14
USD/JPY rebounds from three-week low as strong US PPI, labor data lift US Dollar
The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Thursday, snapping a two-day winning streak after stronger-than-expected US Producer Price Index (PPI) and steady Weekly Jobless Claims data lifted the Greenback.Fxstreet
Thu, Aug 14
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