Yohay Elam | TalkMarkets | Page 3
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Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ...more

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EUR/USD Outlook: Dollar Declines As US Jobs Data Looms
The ECB held rates on Thursday and prepared for the first rate cut in June. There is a growing divergence in the outlook for inflation and growth between the Eurozone and the US.
USD/CAD Forecast: BoC Deals A Blow To Rate Cut Expectations
Governor Tiff Macklem dimmed expectations that the central bank would soon start cutting rates. The likelihood of a BoC rate cut in April fell to 23% from 43%. Oil prices have been on the rise recently due to supply worries.
AUD/USD Forecast: Dollar Retreats Ahead Of Powell Testimony
Today’s AUD/USD forecast leans bullish as the dollar weakens ahead of Powell’s testimony to Congress. This weakness extended from the previous session when the US released downbeat economic data.
Gold Price Soars As Dollar Weakens, Eyes On US Data
The gold price is bullish as long as it stays above the upper median line (uml). Taking out the immediate resistance levels activates further growth. The fundamentals should be decisive tomorrow.
USD/JPY Forecast: Yen Retreats Following Ueda’s Remarks
BoJ’s Ueda said it is too early to say Japan’s inflation will soon reach the 2% target. Markets remain uncertain about the outcome of the March 19 BoJ policy meeting. The dollar was range-bound after it fell on Friday due to poor economic data.
EUR/USD Price Wobbling Near Resistance, All Eyes On Core PCE
The bias is bearish as long as it stays below the upper median line. The US economic data should bring strong action. Escaping from the up channel signaled a new leg down.
AUD/USD Outlook: Aussie Neutral Amid Mixed Economic Signals
Australia’s retail sales recovered at the start of 2024 after falling in December. Australia’s annual sales growth remained low due to high interest rates. Markets were gearing up for another US inflation report on Thursday.
USD/JPY Forecast: Yen Surges On Hawkish BoJ Remarks
Hajime Takata said there were signs the BoJ would soon achieve its 2% inflation target. The yen remains among the worst-performing G10 currencies against the dollar this month. Markets awaited the US’s core PCE price index report.
GBP/USD Forecast: Sellers Emerge Ahead Of US Core PCE Data
Investors were positioning themselves ahead of the core PCE price index. Consumer confidence in the US fell amid fears about the economy’s outlook. Economists expect the core PCE price index to increase by 0.4%.
AUD/USD Price Analysis: Aussie Slides On Softer Inflation
Australia’s inflation missed forecasts, staying at a two-year low of 3.4% in January. There is a 60% chance that the RBA will cut rates in August. Data on Tuesday revealed a significant drop in US core durable goods orders.
USD/JPY Outlook: Yen Recovers As Greenback Retreats
The dollar was weak as markets in the US stayed closed for a holiday. The yen has fallen by about 6% in 2024 due to a decline in US rate cut expectations. Some experts believe that the Fed will fail to achieve a soft landing.
GBP/USD Forecast: Friday’s Positive Sales Boosting Pound
The pound extended gains made on Friday due to upbeat retail sales data. The dollar was weaker as markets in the US closed for the President’s Day holiday. This week, traders will focus on the FOMC meeting minutes and speeches from Fed policymakers.
EUR/USD Weekly Forecast: Dollar Soars Amid Stubborn Inflation
The EUR/USD weekly forecast is slightly bearish, as resilient inflationary pressures in the US will likely keep the dollar strong. The pair had a slightly bearish close, well above the lows hit during the week.
USD/CAD Price Stuck Near Daily Lows, Eyes On US PPI
The USD needs positive data to be able to take the lead again. A new lower low activates more declines. The US figures should shake the markets today.
USD/JPY Price Analysis: Bulls Eying 5th Consecutive Weekly Gain
Investors exercised caution ahead of the US wholesale inflation report. USD/JPY fell after the US retail sales report missed forecasts. Japanese authorities have warned of possible action to stop excessive declines in the yen.
Gold Price Aims To Regain $2,000, Eyes On US Retail Sales
XAU/USD seems determined to rebound and recover after registering false breakdowns below the median line. The US data should move the price today. The S1 is seen as a potential upside target.
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