Posts Tagged ‘forex forecast today’
Forex Forecast & Forex Technical Outlook for 21 November 2022 to 25 November 2022
Following the previous week’s CPI report, the headline PPI showed a 0.2% increase while the retail sales showed a better-than-expected 1.3% in October. The upside pressure came from a 1.3% jump in motor vehicles and a 4.1% rise in gasoline stations. The October CPI data for the UK, Japan, and Canada showed a negative picture…
Read MoreForex Forecast & Forex Technical Outlook for 14 November 2022 to 18 November 2022
The US Dollar bulls suffered the most in over six years as the CPI inflation suddenly eased to below the 8.0% level on a year over year basis. As a result, the Fed could think about a 50 basis point rate hike in December instead of 75. However, a clearer picture awaits the retail sales…
Read MoreForex Forecast & Forex Technical Outlook for 07 November 2022 to 11 November 2022
The recent Non-farm payroll report showed how US employers continued adding jobs in October. It is a sign that the labor market remained tight, and the next Fed meeting could come with additional rate hikes. However, the upcoming policy decisions need more clues from the incoming data as the October payroll does not move the…
Read MoreForex Forecast & Forex Technical Outlook for 31 October 2022 to 04 November 2022
There are several surprises this week, and the most awaited event is the Federal Open Market Committee meeting. In this meeting, the Fed is expected to raise the interest rate by another 75 bps, followed by three similar moves in June, July, and September. According to fed chair Jerome Powell, there is no painless path…
Read MoreForex Forecast & Forex Technical Outlook for 24 October 2022 to 28 October 2022
Last week’s economic data showed that the US economy has remained resilient, where tighter policies could impact some sectors. Industrial production regained momentum in September, but some signs of slower growth are ahead, supported by manufacturing surveys. On the other hand, the real estate sectors were affected by higher interest rates, falling 8.1% in September…
Read MoreForex Forecast & Forex Technical Outlook for 17 October 2022 to 21 October 2022
The broader market expectation for the US CPI was to come between 8.0% to 8.1%, but the actual result came to 8.2%. The higher-than-expected CPI increased the possibility for the Fed to raise the interest rate by additional 75 bps instead of 50. However, much data is due before the December meeting, and it is…
Read MoreForex Forecast & Forex Technical Outlook for 10 October 2022 to 14 October 2022
It is like winter is not coming for the US economy, most particularly in the labor market, which showed another job increase in the last. The increase of 263K was above the 250K analysts’ projection. However, a negative figure in the job market is needed for the Fed to stay back from the rapid rate…
Read MoreForex Forecast & Forex Technical Outlook for 03 October 2022 to 07 October 2022
Central banks’ policies will be key price-driving events in October, but the latest job report of the US could indicate whether the Fed has reached the peak of hawkishness. The latest panic in the market with the renewed rush on USD bulls, other banks like the Reserve Bank Of Australia and New Zealand could extend…
Read MoreForex Forecast & Forex Technical Outlook for 26 September 2022 to 30 September 2022
The rate hike party is on and joined by the Bank of England and Swiss National Bank (SNB). However, the US Dollar was the ultimate gainer throughout the week, except for the JPY. Treasury yields from the US and Japan extended gains this week, but the upside pressure has become challenging. Finally, the Japanese Government…
Read MoreForex Forecast & Forex Technical Outlook for 19 September 2022 to 23 September 2022
It was hard for investors to believe Fed Chair Powell’s decision to step back from the tightening policy would be eliminated by the inflation report. The Core CPI for the US jumped by 0.6% in August, triggering speculation of a 1% rate hike in this week’s FOMC. In the Eurozone, the energy crisis remained at…
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