EUR/USD surges after softer-than-expected US Core PCE inflation data for May renews market bets on a Federal Reserve rate cut. The Fed’s preferred inflation gauge rose just 0.1% month-on-month, easing concerns over stubborn inflation and pushing the dollar lower. Treasury yields dropped while EUR/USD climbed above 1.0730, reflecting growing expectations of looser US monetary policy ahead.
Weekly Forex Forecast: DXY remains under pressure after breaking below 104.60, with key support near 104.00 and 103.40. EUR/USD tests resistance around 1.0890–1.0900—watch for a breakout above 1.0900 to fuel gains toward 1.1000 or a rejection leading to a pullback. GBP/USD and USD/JPY demand careful monitoring of central bank cues and risk sentiment to gauge directional bias. Stay tuned for key levels and market-moving events this week.
— Analysis by Justin Bennett at Forex Factory
“Unlock the full potential of breakout trading in Forex. Discover how to identify key price levels and ride powerful price movements. Learn the essentials of precise entry, stop placement, and maximizing profits. Ready to elevate your trading strategy? Dive into our in-depth guide now.”
Weekly Forex Analysis by Haresh Menghani on FXStreet: EUR/USD stays range-bound amid Eurozone stagnation and strong US data, facing resistance near 1.0900. GBP/USD shows modest bullish bias but struggles to break 1.2800 amid mixed UK data. USD/CAD closely tied to oil prices and Bank of Canada outlook. Traders should monitor inflation reports and central bank signals ahead.
Japanese Yen Weekly Forecast: Will USD/JPY break 151? Strong US inflation data and Fed’s hold on rates keep dollar bullish, while BoJ’s cautious policy shift adds uncertainty. This week’s Fed and BoJ meetings will be key to watch for JPY traders. Source: FXEmpire.com
EUR/USD bounces back as softer U.S. inflation data fuels bets on Federal Reserve rate cuts. Core PCE Inflation slows to 3.9% YoY, easing pressure on the Fed and weakening the dollar. Market eyes if the euro can hold gains above 1.06 amid evolving policy expectations. #Forex #EURUSD #Fed
EUR/USD rallies late week as US PCE data shows easing inflation pressures. Market pricing now reflects around a 70% chance of a Fed rate cut in September, boosting euro demand and pressuring the dollar. Investors continue to watch Fed signals closely amid shifting rate expectations.
Weekly Forex Forecast:
The US Dollar Index (DXY) shows resilience supported by persistent inflation and cautious Fed signals, holding key support near 102.00. Resistance lies at 104.00–105.00 if hawkish cues emerge. EUR/USD faces downward pressure amid ECB’s dovish stance versus Fed’s relative hawkishness, with support at 1.0720 and resistance near 1.0820. GBP/USD and USD/JPY remain sensitive to global growth concerns and central bank policies. Watch upcoming inflation data and Fed/ECB commentary for directional clues.
Source: ForexFactory.com | Author: Justin McQueen
Gold faces a critical junction near $2,000, caught between a potential rally or a sharp reversal. Technical signals show ascending triangle patterns and tightening volatility, while macro factors like Fed policy, inflation trends, and geopolitical risks will likely dictate the next move. Traders should watch key support around $1,950 and resistance near $2,080 closely.
Japanese Yen Weekly Outlook: USD/JPY nears critical resistance at 151 amid key Fed and BoJ meetings. Watch for Fed’s rate path signals and BoJ’s potential policy shift as they could make or break this level. Stay tuned for major market moves ahead. #Forex #JPY #USDJPY
