EUR/USD rebounds strongly as softer May PCE inflation data heightens expectations for earlier Fed rate cuts. The easing inflation backdrop fuels dollar weakness and boosts the euro, with markets pricing in a higher chance of rate reductions starting by September. Traders monitor technical support near 1.0670 as bullish momentum builds.
EUR/USD climbs as US core PCE data signals cooling inflation, boosting expectations for a Fed rate cut as soon as September. The dollar weakens, helping the euro rebound from recent lows, though medium-term risks remain amid economic divergence between the US and eurozone.
EUR/USD rallied near 1.0600 on softer US Core PCE data, raising speculation that the Fed may pivot to rate cuts early next year. Weaker inflation figures eased pressure on the dollar, while subdued ECB hawkishness supported the euro’s rebound. Markets now price in a growing chance of Fed easing by H1 2026.
EUR/USD rebounds above 1.0580 amid softer PCE inflation data sparking renewed bets on Fed rate cuts in early 2025. Dollar weakens as Treasury yields dip and risk sentiment improves, reflecting growing market optimism for a more dovish Fed path. #Forex #EURUSD #Fed
EUR/USD climbed amid softer-than-expected U.S. PCE inflation data, raising market bets on Fed rate cuts later this year. Dovish Fed comments and improving eurozone sentiment also supported the euro, pushing the pair above 1.0900 before settling just below.
USD/CAD remains range-bound below 1.3740, testing support near 1.3600. Weekly indicators show neutral momentum amid mixed US and Canadian fundamentals. Watch for a breakout above 1.3740 to signal bullish continuation or a drop below 1.3560 for further downside. Traders should prepare for key moves as commodity pressures and central bank signals evolve. For detailed insights, see the full technical outlook by ActionForex analysts.
GBP/CAD faces heightened volatility as the Bank of England signals potential further rate cuts amid slowing UK growth, while the Bank of Canada unexpectedly trims rates by 25bps to combat recession risks. Diverging monetary paths suggest cautious trading ahead for the pair. Stay tuned for updates.
USD/CAD rebounds from a two-week low after simultaneous 25 basis-point rate cuts by the Federal Reserve and Bank of Canada. Both central banks cited economic slowdown and moderating inflation, signaling a possible easing cycle ahead. The USD gained ground as market participants weighed diverging growth outlooks: the U.S. shows resilient labor data despite slower GDP growth, while Canada faces contraction and rising unemployment. This coordinated monetary move and differing trajectories set the stage for evolving FX dynamics in North American markets.
USD/CAD faces a critical test as a head-and-shoulders pattern suggests bearish reversal risk. However, mixed fundamentals—from resilient US jobs and sticky inflation to uncertain Canadian economic signals—keep the outlook complex. Monitoring the 1.3600 neckline will be key for traders anticipating the next move. #Forex #USDCAD
USD/CAD faces a critical juncture as a potential head and shoulders pattern emerges on the daily chart, signaling a possible trend reversal. While the U.S. dollar benefits from solid economic fundamentals and a cautious Fed, the Canadian dollar struggles amid slowing growth and sticky inflation despite oil price support. Watch the 1.36 neckline closely—its breach could open the door to a significant pullback. Insight by Craig Erlam on MarketPulse.
