The shared currency continues to struggle under the weight of expectations for more aggressive interest rate cuts by the European Central Bank (ECB) amid a gloomy Eurozone economic outlook. The ECB is projected to lower its Deposit Facility Rate by...
The United States (US) core Consumer Price Index (CPI), excluding volatile food and energy prices, has held steady at 3.3%, maintaining its upward momentum from 3.2%. Additionally, the annual US headline Producer Price Index (PPI) surged to 3%,...
Following the latest Federal Open Market Committee (FOMC) minutes, traders are now pricing in 102 basis points of rate cuts by December 2024, based on the Chicago Board of Trade (CBOT) fed funds futures contract. Meanwhile, US Initial Jobless Claims...
The focus of market participants is set to shift toward the critical Bank of Japan (BoJ) policy decision during the upcoming Asian session, which could provide fresh directional impetus for the USD/JPY pair. Expectations are mounting that the BoJ...
The EUR/USD pair is displaying a consolidation phase on the hourly chart, indicating indecision among market participants. Over the past few sessions, the pair has been trading within a narrow range, with the 1.0800 level acting as a central pivot...
