USD/CAD continues its upward momentum as market rebalancing unfolds. Technical indicators show a bullish recovery with resistance tests near 1.3660, while strong US economic data and cautious BoC signals drive dollar strength against the loonie. Traders eye key levels for next moves.
AUD/USD and NZD/USD have surged amid hopes for Federal Reserve dovishness as US inflation softens, fueling expectations of rate cuts. Yet, with technical resistance levels near and global uncertainties rising, these antipodean rallies may be reaching their limits. Traders should watch for shifts in momentum and fundamental cues closely.
Stay informed on upcoming UK economic data releases—from GDP and CPI to labour market stats—and their scheduled London session timings. These indicators are key drivers for GBP/USD movements, reflecting shifts in growth, inflation, and Bank of England policy expectations. Original Article Credit: FXStreet News Team.
Source: https://www.fxstreet.com/news/when-are-the-uk-data-releases-and-how-could-they-affect-gbp-usd-202509120412
US Dollar shows modest gains early Thursday as investors await key US job data and Fed comments. Euro retreats amid ECB dovish signals, Yen remains pressured by BoJ’s loose policies, and Australian Dollar dips following weak CPI figures. Market cautious but USD supported.
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The US dollar surged on strong retail sales, lower jobless claims, and rising producer prices, pushing markets to delay expectations of Fed rate cuts. The “higher for longer” stance strengthens as the economy shows resilience, impacting major pairs like EUR/USD, GBP/USD, and USD/JPY. #Forex #USD #Fed
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The USD remains firm amid resilient US economic data and heightened geopolitical risks, reinforcing its safe-haven appeal. Traders weigh upcoming central bank moves as the euro faces pressure from weak growth and dovish ECB signals, while the pound encounters domestic uncertainties. The yen’s decline draws official concern as yield differentials widen. #ForexMarket #USD #EconomicData
The US Dollar held steady early Wednesday as markets await key US CPI inflation figures and the European Central Bank’s policy decision. These events will heavily influence monetary policy expectations and major currency pairs. Investors focus on inflation trends, Fed’s dot plot forecasts, and Powell’s remarks for clues on rate cuts timing. A softer CPI may weaken the dollar and boost risk assets, while higher inflation could strengthen the greenback. Meanwhile, ECB signals remain pivotal for the euro’s outlook.
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