2025-04-30 09:12
The GBP/USD forecast suggests a strong finish for the pound in April. The pound has had a strong month as the dollar collapsed due to Trump’s aggressive tariff policies. Trump eased tariffs on automobiles, boosting the dollar. The GBP/USD forecast suggests a strong finish for the pound in April, with a projected 3.8% gain against the US dollar. However, consumer sentiment remains weak in the UK due to economic uncertainty. Meanwhile, the dollar recovered slightly on Tuesday after Trump eased automobile tariffs. If you are interested in automated forex trading, check our detailed guide- The pound has had a strong month as the dollar has collapsed due to Trump’s aggressive tariff policies. The reciprocal tariffs at the start of the month did the most damage to the dollar. Market participants dumped US assets, and consumer confidence plunged. Despite a 90-day pause, Trump escalated a trade war with China, raising concerns of a US recession. However, as the month ended, the US president softened his stance. He showed readiness to lower tariffs on China and start negotiations. Moreover, on Tuesday, he eased automobile tariffs, boosting the dollar. Meanwhile, there is progress on trade deals to avoid reciprocal tariffs with countries like India. Despite the rally in the pound, data on Wednesday revealed weak business sentiment. At the same time, experts believe Trump’s tariffs will hurt growth. Therefore, the rally might slow down in the coming month. GBP/USD key events today ADP Non-Farm Employment Change Advance GDP q/q Employment Cost Index q/q Core PCE Price Index m/m GBP/USD technical forecast: Bullish momentum fades at the 1.3401 resistance On the technical side, the GBP/USD price has punctured the 1.3401 resistance level to make a higher high in the uptrend. However, bulls were unable to sustain a strong move above the level, and it pulled back. Still, the price trades above the 30-SMA and the RSI is above 50, supporting a bullish bias. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- GBP/USD has maintained a steep rally, keeping above the 30-SMA. However, the rally shallowed when the price met the 1.3401 resistance. At the same time, bulls weakened, and the price broke below the 30-SMA. Although they recovered, the RSI has made a bearish divergence, indicating weaker momentum. Therefore, bears might reverse the trend by breaking below the SMA and the 1.3200 support. However, if bulls regain momentum, the price will break above 1.3401, continuing the uptrend. https://www.forexcrunch.com/blog/2025/04/30/gbp-usd-forecast-pound-poised-for-solid-monthly-gains/
2025-04-30 08:11
The AUD/USD price analysis points north after hotter-than-expected inflation in Australia. The dollar rebounded on Tuesday after Trump eased tariffs on automobiles. Data revealed fewer US job vacancies. The AUD/USD price analysis points north after hotter-than-expected inflation in Australia lowered bets on an aggressive RBA rate cut. Meanwhile, the dollar held steady after Trump eased tariffs on automobiles, easing concerns about a global recession. If you are interested in automated forex trading, check our detailed guide- Data released on Wednesday revealed that inflation in Australia rose by 0.9% in the first quarter, higher than the estimated 0.8%. Meanwhile, the annual figure increased by 2.4%, compared to the forecasted 2.3% increase. The upbeat data prompted traders to dial back bets for an aggressive RBA rate cut in May. However, the report also showed that annual core inflation dropped to a 3-year low of 2.9% from 3.3%. This kept alive expectations for a 25-bps rate cut in May. The Reserve Bank of Australia paused at its last meeting. However, it was clear that policymakers were worried about global growth. Trump’s tariffs have dimmed the outlook for growth in most economies. Meanwhile, the dollar rebounded on Tuesday after Trump eased tariffs on automobiles. His softer stance has boosted demand for the US currency. However, data revealed fewer US job vacancies, pointing to weaker demand in the labor market. AUD/USD key events US ADP nonfarm employment change US advance GDP q/q US employment cost index q/q US core PCE price index m/m AUD/USD technical price analysis: Consolidating below the 0.6450 resistance On the technical side, the AUD/USD price has maintained its sideways move, chopping through the 30-SMA. Bulls are having a difficult time breaking above a solid resistance zone comprising the 0.6400 and the 0.6450 key levels. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- Moreover, price action shows that neither bulls nor bears are willing to make big moves away from the SMA. Therefore, they are probably waiting for some major catalyst. The RSI has made a bearish divergence, a sign that bullish momentum is fading. Here, bears have a good opportunity to reverse the trend by pushing the price far below the SMA. Such a move would allow AUD/USD to retest the 0.6200 support and the 0.5 Fib retracement level. If this fails, bulls will break past the resistance zone, continuing the uptrend. https://www.forexcrunch.com/blog/2025/04/30/aud-usd-price-analysis-inflation-surprise-tempers-rba-cut-bets/
2025-04-29 09:05
The USD/JPY price analysis indicates an improvement in risk appetite. The US president said he was ready to reduce tariffs on automobiles. India will be the first to sign a trade deal with the US. The USD/JPY price analysis indicates an improvement in risk appetite following Trump’s promise to lower automotive tariffs. At the same time, progress on trade negotiations with countries like India has reduced the risk of a global trade war. However, the dollar remains fragile amid uncertainty over the fate of trade talks between the US and China. If you are interested in automated forex trading, check our detailed guide- The US president said he was ready to reduce tariffs on automobiles on Tuesday, slightly easing economic concerns. Trump’s tariff campaign has become less aggressive in recent days as he acknowledges the risk to the economy. Last week, the president criticized the Fed, demanding lower interest rates to support the economy. However, Powell has remained cautious, not giving any clear signals on when the next rate cut will come. This has sobered Trump, leading to his softer stance. Moreover, negotiations with countries that might suffer reciprocal tariffs are ongoing. On Monday, Scott Bessent said India would be the first to sign a deal with the US. As a result, market participants are optimistic about the global economy. However, progress with China has stalled with neither country willing to be the first to cut tariffs. The US is waiting for China to start lowering its tariffs before they do the same. Still, the US has admitted that the current tariffs are unsustainable. Therefore, eventually, one side will have to start the process. USD/JPY key events today US JOLTS job openings USD/JPY technical price analysis: Bulls retest the 30-SMA resistance On the technical side, the USD/JPY price has broken above and retested a solid resistance trendline. However, it has returned below the 30-SMA, and the RSI is now under 50. Still, bulls are challenging the SMA resistance. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- USD/JPY has been on a decline since bears took the lead at the top of the chart. The price mostly stayed below the 30-SMA. Moreover, the highs of the downtrend respected a clear resistance trendline. However, things changed after the price reached the 140.01 support level. Here, bulls became stronger, pushing the price above the 30-SMA and the trendline. Furthermore, the price pulled back to retest the line. From here, bulls must break above the 144.02 resistance to make a higher high and confirm an uptrend. Otherwise, the downtrend will continue. https://www.forexcrunch.com/blog/2025/04/29/usd-jpy-price-analysis-auto-tariff-easing-boosts-sentiment/
2025-04-29 08:08
The AUD/USD forecast shows thin trading amid tariff uncertainty. Scott Bessent said that China was the one to initiate a de-escalation in tariffs. US employment figures might show the impact of Trump’s tariffs on the economy. The AUD/USD forecast shows thin trading amid uncertainty regarding trade negotiations between China and the US. Moreover, market participants are remaining on the sidelines ahead of key US economic data. If you are interested in automated forex trading, check our detailed guide- The AUD/USD drifted on Tuesday amid mixed signals from the US on trade talks with China. The greenback steadied last week as the US and China adopted softer stances on tariffs. However, messaging from the two countries has been conflicting, sending mixed signals about a trade deal. On Monday, US Treasury Secretary Scott Bessent said that China was the one to initiate a de-escalation in tariffs. It is clear that neither country is willing to be the first to lower duties. This could result in a prolonged pause that will continue to harm the global economy. However, there was progress with other countries that briefly supported the dollar. According to Bessent, all is going well, and India will be the first to sign a deal and avoid tariffs. Meanwhile, market participants are awaiting economic data from Australia and the US. Australia’s CPI report will shape the outlook for RBA rate cuts. On the other hand, US employment figures might show the impact of Trump’s tariffs on the economy. A downbeat report will pressure the Fed to cut rates and support the economy. AUD/USD key events today JOLTS Job Openings AUD/USD technical forecast: Bulls struggle to make new highs On the technical side, the AUD/USD price is ranging within a solid resistance zone comprising the 0.6400 and the 0.6450 key levels. At the same time, the price is chopping through the 30-SMA, showing bears and bulls are almost equally matched. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- Previously, the price rallied in a steep uptrend above the SMA. Meanwhile, the RSI maintained its position above 50, suggesting solid bullish momentum. However, this changed when bulls neared the 0.6400 key psychological level. Price action drew nearer to the SMA, puncturing the line several times. Meanwhile, the RSI made a bearish divergence, indicating fading momentum. If bears take charge, the price will break below the SMA to retest the 0.6200 key level and the 0.5 Fib retracement. On the other hand, the uptrend will continue if bulls break above the current resistance zone. https://www.forexcrunch.com/blog/2025/04/29/aud-usd-forecast-prices-drift-amid-us-china-uncertainty/
2025-04-28 10:01
The USD/CAD outlook reflects caution among traders ahead of Canada’s federal election. Sales in Canada decreased by 0.4% in February. The dollar held on to last week’s gains as traders awaited developments in the US-China trade war. The USD/CAD outlook reflects caution among traders ahead of Canada’s general election results. As a result, most have remained on the sidelines, keeping the pair in a tight range. Meanwhile, the dollar was steady as market participants hoped for a trade deal between China and the US. Canada’s general election is on Monday. The outcome will determine the country’s future, especially its trade relations with the US. Prime Minister Mark Carney’s ruling party remains in the lead. So far, his government has been willing to do all that it takes to ensure the stability of Canada’s economy. An unexpected win could briefly weaken the loonie. Meanwhile, data released last week showed that sales in Canada decreased by 0.4% in February. However, this was an improvement from the previous month when sales fell by 0.6%. Moreover, analysts predict a 0.7% rebound in March. On the other hand, the dollar held on to last week’s gains as traders awaited developments in the US-China trade war. The two countries adopted a softer stance on tariffs last week, boosting risk appetite. If tariffs come down, the likelihood of a trade deal will increase. At the same time, the outlook for both economies might brighten. USD/CAD key events today Canada Federal Election USD/CAD technical outlook: Bulls take the lead but remain hesitant On the technical side, the USD/CAD price has pushed above the 30-SMA, indicating bulls have taken the lead. At the same time, the RSI trades above 50, suggesting stronger bullish momentum. However, volatility remains low and trading is thin, showing indecision. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- Although bulls have taken charge, they are not willing to bet big and make significant swings above the SMA. The previous decline slowed and paused when the price reached a key support zone comprising the 1.618 Fib extension level and the 1.3800 support level. Here, bearish momentum faded, and the RSI made a bullish divergence. At the same time, the price began to stick close to the SMA until it broke above. If volatility increases, the price is likely to retest the 1.4050 resistance level. A break above this level would confirm a new uptrend. https://www.forexcrunch.com/blog/2025/04/28/usd-cad-outlook-caution-prevails-as-canada-awaits-election/
2025-04-28 09:08
The EUR/USD forecast shows a softer euro due to increasing ECB rate cut bets. The euro has gained over 4% in April due to a weak dollar. The US will release its monthly employment report. The EUR/USD forecast shows a softer euro near mid-1.13 amid an increasing likelihood of another ECB rate cut in June. Meanwhile, the dollar remained steady after its rebound last week, driven by hopes of a trade deal between China and the US. If you are interested in automated forex trading, check our detailed guide- The European Central Bank recently lowered borrowing costs, noting that Trump’s tariffs would negatively impact growth. As a result, market participants moved to price more rate cuts in the coming month. ECB governors at the IMF and World Bank Spring Meetings noted that growth in the Eurozone was declining. Moreover, policymakers have shown their willingness to cut rates by another 25-bps in June. Nevertheless, the euro has gained over 4% in April due to a weak dollar. Trump’s activities since taking office have eroded investor confidence in the US economy, hurting the greenback. However, last week, the US currency found some shine as tensions between China and the US eased. The US is ready to lower tariffs on China to start negotiations. Meanwhile, China is prepared to exempt some US goods from tariffs. This week, traders will be watching for developments in US trade policy and key economic data. The US will release its monthly employment report. EUR/USD key events today Market participants do not expect any key economic releases from the Eurozone or the US. Therefore, the pair might start the week quietly. EUR/USD technical forecast: Downtrend looms below the 1.1301 support On the technical side, the EUR/USD price trades in a tight range between the 30-SMA and the 1.1301 support level. However, since the price trades below the SMA, the bias is bearish. At the same time, the RSI is under 50, indicating stronger bearish momentum. If you are interested in guaranteed stop-loss forex brokers, check our detailed guide- The EUR/USD recently turned bearish after the price failed to break above the 1.1550 resistance level. Initially, bulls had maintained an upward trajectory, making higher highs and lows. At the same time, the price had started respecting support and resistance levels that formed a bullish channel. However, this changed when bears broke below the channel support and the 30-SMA. Still, the price must break below the 1.1301 support to make a new low and confirm a new downtrend. Such an outcome would clear the path to the 1.1002 key level. https://www.forexcrunch.com/blog/2025/04/28/eur-usd-forecast-euro-softens-amid-ecb-rate-cut-in-june/
