2025-06-10 12:37
The GBP/USD price analysis shows the pound giving up its gains from the previous session. The greenback recovered as market participants watched trade talks between China and the US. Traders are awaiting the US CPI report, which will provide clues about the outlook for Fed rate cuts. The GBP/USD price analysis shows the pound giving up its gains from the previous session amid dollar strength. The greenback recovered as market participants watched trade talks between China and the US in London. Meanwhile, traders are also preparing for the US consumer inflation report and the UK’s spending plans. Downbeat UK claimant count data also ignited a sell-off. –Are you interested to learn more about crypto signals? Check our detailed guide- After a call between the US and Chinese presidents, the two countries agreed to meet and discuss trade matters in London. The talks started after Trump accused China of not being true to their recent trade deal. Recently, the two countries agreed to slash tariffs for the next 90 days. Moreover, this deal paused a raging trade war that had dimmed the outlook for the global economy. Therefore, any conflicts on trade revive tensions and fears for both economies. Meanwhile, talks boost investor confidence. However, it remains unclear whether the two countries will reach an agreement. Meanwhile, traders are awaiting the US CPI report, which will provide clues about the outlook for Fed rate cuts. At the same time, a UK spending plan might shape the outlook for the economy and monetary policy. GBP/USD key events today Traders are not looking forward to any significant releases from the UK or the US. As a result, all focus will remain on trade talks. GBP/USD technical price analysis: Bears show strength below the 30-SMA On the technical side, the GBP/USD price has broken below the 30-SMA, indicating a bearish shift in sentiment. At the same time, the price has made a solid red candle below the SMA, confirming strength in the new move. Currently, the price trades well below the SMA, with the RSI under 50, suggesting a bearish bias. –Are you interested to learn more about forex robots? Check our detailed guide- The shift comes after the previous rally paused at the 1.3603 resistance level and made a bearish divergence. This weakness allowed bears to gain momentum and take charge by pushing the price below the SMA. Bears can now aim for the next support at the 1.3400 level. A break below this level would strengthen the bearish bias by making a lower low. On the other hand, if bears fail to achieve this, the price will bounce higher. https://www.forexcrunch.com/blog/2025/06/10/gbp-usd-price-analysis-gains-reversed-amid-poor-uk-jobs/
2025-06-10 09:30
The EUR/USD outlook shows optimism over the ongoing trade talks between China and the US. Market participants are eagerly awaiting the US inflation report. Traders expect the next Fed rate cut in October. The EUR/USD outlook shows optimism over the ongoing trade talks between China and the US, which is supporting the dollar. However, the price continues to fluctuate as the outcome of the talks remains uncertain. At the same time, market participants remain cautious ahead of the US inflation figures. –Are you interested to learn more about crypto signals? Check our detailed guide- Trump recently accused China of violating some of the requirements in the trade deal with the US. This raised concerns about a potential resurgence of trade tensions. However, a call between the two top leaders resulted in an agreement to hold talks in London. If these talks are successful, the dollar will rally. The opposite is also true. Meanwhile, with no immediate catalysts, market participants are looking forward to the US inflation report. Soft numbers will increase bets for Fed rate cuts. On the other hand, if inflation is hot, policymakers will find more reason to delay rate cuts. Last week, the US released an upbeat employment report, which led to a decline in expectations for a Fed rate cut. Traders now expect the next cut in October. Meanwhile, in the Eurozone, traders are pricing a looming end to the ECB’s easing cycle. EUR/USD key events today Market participants do not expect any key reports from the Eurozone or the US. Therefore, the pair might consolidate ahead of inflation figures. EUR/USD technical outlook: SMA break signals sentiment shift On the technical side, the EUR/USD price has broken below the 30-SMA, indicating a bearish shift in sentiment. At the same time, the RSI has broken below 50, showing stronger bearish momentum. –Are you interested to learn more about forex robots? Check our detailed guide- Bulls have been in the lead, keeping the price mostly above the 30-SMA. However, bears punctured the SMA once before the price broke back above. This was the first sign that bullish momentum was easing. After that, bulls tried but failed to break above the 1.1450 key resistance level. Instead, the price made a large wick above the level, indicating a rejection. Moreover, the RSI made a bearish divergence, showing fading bullish momentum. As a result, the price broke below the 30-SMA. If bears maintain this new move, the price will likely drop to retest the 1.1250 key support level. https://www.forexcrunch.com/blog/2025/06/10/eur-usd-outlook-dollar-strengthens-on-us-china-trade-talks/
2025-06-09 12:09
The USD/JPY outlook indicates that the yen is starting the week strong. A former top currency diplomat in Japan noted that the yen could strengthen to the 135-140 range. The US released data showing 139,000 new jobs in May. The USD/JPY outlook indicates that the yen is starting the week strong as market focus shifts back to policy outlooks. On Friday, Japan’s currency collapsed against a strong dollar after the US released a better-than-expected employment report. –Are you interested to learn more about crypto signals? Check our detailed guide- An ex-top currency diplomat in Japan noted on Friday that the yen could strengthen to the 135-140 range against the dollar, mainly due to policy divergence. The Federal Reserve’s next move will likely be a rate cut. Despite a resilient economy, several sectors have experienced a slowdown. At the same time, inflation is easing, giving policymakers confidence to lower borrowing costs. On the other hand, the Bank of Japan has stated that it will continue to hike rates as long as the economy re-accelerates after the global tariff slowdown. Rate cuts in the US and rate hikes in Japan will result in a narrowing interest rate gap. This, in turn, will boost the yen. On Friday, the US released data showing 139,000 new jobs in May. This was bigger than the forecast of 130,000. As a result, rate cut expectations eased. Meanwhile, the dollar rallied. Market participants are now looking forward to crucial inflation figures from the US for more clues on rate cuts. USD/JPY key events today Market participants are not expecting any high-impact reports from the US or Japan. USD/JPY technical outlook: Bears return after trendline retest On the technical side, the USD/JPY price is pulling back after meeting its resistance trendline and the 145.00 key level. However, the bias is bullish because the price trades above the 30-SMA, with the RSI above 50. The bias will only change if bears breach the SMA line. –Are you interested to learn more about forex robots? Check our detailed guide- USD/JPY has gradually descended, making lower highs. However, bears have been unable to break below the 142.55 support level. As a result, the price has been forming a descending triangle. There is a high chance it will breach the 30-SMA to retest the 142.55 support. If bears have gained enough momentum, the price will break below this level, starting to make lower lows. However, if they are still weak, it will bounce again, remaining in the descending triangle. https://www.forexcrunch.com/blog/2025/06/09/usd-jpy-outlook-yen-gains-as-traders-refocus-on-policy/
2025-06-09 09:35
The USD/CAD forecast shows market participants weighing employment figures from Canada and the US. The economy added 139,000 new jobs in May. Canada reported an unexpected increase in employment of 8,800. The USD/CAD forecast shows market participants weighing employment figures from Canada and the US. At the same time, traders are gearing up for crucial US inflation figures this week that will shape the outlook for Fed rate cuts. –Are you interested to learn more about crypto signals? Check our detailed guide- Last week, the US and Canada released upbeat monthly employment figures. In the US, the economy added 139,000 new jobs in May, above the forecast of 130,000. Meanwhile, average hourly earnings jumped, and the unemployment rate held steady at 4.2%. The report led to a decline in Fed rate cut expectations. Experts were expecting weakness in the US economy due to Trump’s aggressive tariffs. However, the economy has been more resilient than expected so far. As a result, the Fed might now focus more on the state of inflation. On the other hand, Canada reported an unexpected increase in employment of 8,800. Estimates had shown the economy losing 11,900 jobs. Meanwhile, the unemployment rate increased to 7.0% as expected. Last week, the Bank of Canada paused rates a second time. If the economy remains strong, policymakers might remain cautious. USD/CAD key events today Market participants do not expect any key economic releases from the US or Canada. Therefore, the pair might consolidate. USD/CAD technical forecast: Bullish RSI divergence On the technical side, the USD/CAD price has rebounded to retest a solid resistance zone comprising the 30-SMA and the 1.3701 key level. However, the price still trades below the SMA with the RSI under 50, suggesting a bearish bias. –Are you interested to learn more about forex robots? Check our detailed guide- Initially, the price was dropping in a downtrend until it reached the 1.3650 key level. Although this was a new low for the price, the RSI made a higher one, indicating a bullish divergence. Bears were much stronger when they hit the previous low at the 1.3701 level. The bullish divergence might allow bulls to take charge for a deep pullback or a reversal. This would mean breaking above the current resistance zone. Such a move would clear the path to the 1.3850 resistance. On the other hand, the downtrend will continue if the resistance holds. https://www.forexcrunch.com/blog/2025/06/09/usd-cad-forecast-traders-digest-canada-us-jobs-data/
2025-06-08 05:36
The EUR/USD weekly forecast indicates a looming end to the ECB’s rate cuts. The US economy added 139,000 new jobs compared to the forecast of 130,000. Next week, traders will focus on US inflation data. The EUR/USD weekly forecast is bullish as the situation indicates a looming end to the ECB’s monetary easing cycle. Ups and downs of EUR/USD The EUR/USD pair hit new highs during the week but closed well below the levels. The rally came after the European Central Bank meeting, where policymakers cut rates and signaled an end to the easing cycle. –Are you interested to learn more about crypto signals? Check our detailed guide- ECB’s Christine Lagarde said the central bank was now in a good place to handle any adverse effects of Trump’s tariffs. As a result, the euro surged. However, it pulled back on Friday after data revealed that the US labor market remains resilient despite tariffs. The economy added 139,000 new jobs compared to the forecast of 130,000. As a result, Fed rate cut expectations eased. Next week’s key events for EUR/USD Next week, traders will focus on reports from the US, which will provide an update on the state of consumer and wholesale inflation. Previous readings have shown that inflation is easing. However, policymakers have maintained caution, waiting to see whether Trump’s tariffs have increased price pressures. If this is the case, rate cut expectations will decline, boosting the dollar. On the other hand, if inflation continues its decline, policymakers will gain confidence to predict the timing of the next rate cut. EUR/USD weekly technical forecast: Bulls weak around 1.1500 resistance On the technical side, the EUR/USD price has rebounded to trade above the 22-SMA. At the same time, the RSI has broken above 50, into bullish territory. However, bulls still face solid resistance at the 1.1500 key psychological level. –Are you interested to learn more about forex robots? Check our detailed guide- Initially, the price was trading in a strong uptrend, keeping above the 30-SMA. However, this changed once bulls reached the 1.1500 key level. Here, bears gained enough momentum to break below the 22-SMA. However, they failed to sustain a move below the SMA, pausing at the 1.1104 support. At this point, bulls took back control, aiming to retest the 1.1500 key level. However, the RSI indicates weaker bullish momentum, suggesting that the bulls may not have sufficient strength to break above 1.1500. If this is the case, it might drop back below the SMA next week, aiming for lower lows. https://www.forexcrunch.com/blog/2025/06/08/eur-usd-weekly-forecast-ecb-signals-end-to-monetary-easing/
2025-06-08 05:33
The GBP/USD weekly forecast indicates trade optimism in the UK. A better-than-expected nonfarm payrolls report allowed the dollar to recover on Friday. Next week, the US will release crucial inflation figures. The GBP/USD weekly forecast indicates trade optimism in the UK after exemptions from Trump’s steel and aluminum tariffs. Ups and downs of GBP/USD The GBP/USD pair had a bullish week as the pound gained on trade optimism and a weak dollar. However, the dollar recovered on Friday after upbeat employment figures. –Are you interested to learn more about crypto signals? Check our detailed guide- The UK has already signed a trade deal with the US. Therefore, when Trump doubled tariffs on steel and aluminum, Britain was exempted. At the same time, the dollar fell at the start of the week due to downbeat data on business activity and private employment. This allowed the pound to gain. However, a better-than-expected nonfarm payrolls report allowed the dollar to recover on Friday. Next week’s key events for GBP/USD Next week, market participants will focus on key economic reports from the UK, including employment, manufacturing production, and GDP. Meanwhile, the US will release consumer and wholesale inflation figures. UK employment and GDP numbers will show the state of the economy, shaping the outlook for BoE policy. At the moment, market participants expect the central bank to pause at its next meeting. Still, the outlook for future moves will continue to change with incoming data. Meanwhile, US inflation numbers will show whether Trump’s tariffs have increased price pressures. If not, policymakers will be confident to cut rates in September. GBP/USD weekly technical forecast: Bearish RSI divergence On the technical side, the GBP/USD price has made new peaks near the 1.3603 key level. Moreover, it trades above the 30-SMA, with the RSI above 50, indicating a solid bullish bias. However, while the price has reached a new high in the uptrend, the RSI has made a lower high, indicating a bearish divergence. –Are you interested to learn more about forex robots? Check our detailed guide- This is a sign that bullish momentum is fading. Therefore, bears might get stronger and push the price below the 22-SMA. Such a move would allow GBP/USD to retest the 1.3201 support level. However, bulls will remain in the lead as long as the price stays above the support trendline. On the other hand, if bulls regain momentum, the price will likely retest the 1.3603 resistance level. A break above would strengthen the bullish bias by making a higher high. https://www.forexcrunch.com/blog/2025/06/08/gbp-usd-weekly-forecast-metal-tariff-exemptions-boost-pound/
