2025-04-12 14:28
The USD/CAD weekly forecast indicates an improving outlook for Canada’s economy. The trade war between the two largest economies weighed on the dollar. Downbeat US inflation figures increased Fed rate cut bets. The USD/CAD weekly forecast indicates an improving outlook for Canada’s economy, which escaped Trump’s reciprocal tariffs. Ups and downs of USD/CAD The USD/CAD pair collapsed this week as Trump’s tariffs caused a widespread sell-off in US assets. The dollar weakened after Trump imposed a reciprocal tariff on most of the US’s trading partners. Analysts moved to predict a likely global recession that sent most investors to safe-haven currencies. The loonie gained because Canada again escaped new US tariffs, easing worries about Canada’s economy. -Are you interested in learning about the forex indicators? Click here for details- Although Trump paused these tariffs for ninety days, those on China increased. The trade war between the two largest economies weighed on the dollar. Moreover, downbeat US inflation figures increased Fed rate cut bets. Next week’s key events for USD/CAD Next week, traders will focus on Canada’s inflation figures. After a previous reading of 1.1%, economists expect inflation to ease to 0.7%. An unexpected surge would lower BoC rate cut expectations. Meanwhile, soft figures would increase rate-cut bets, hurting the loonie. Additionally, analysts expect the Bank of Canada to keep interest rates unchanged during Wednesday’s meeting. Meanwhile, the US will release its retail sales report, which will show the state of consumer spending and demand. USD/CAD weekly technical forecast: Sharp could pause at the 1.3802 support On the technical side, the USD/CAD price has finally broken out of its consolidation. For a long time, it was trapped between the 1.4200 support and the 1.4502 resistance levels. The previous bullish trend paused, and the price started moving sideways with no clear direction. Meanwhile, the RSI was declining, showing bulls were losing momentum. Eventually, the price broke below the range, supported by a strong candle. It pulled back to retest the SMA before collapsing in a steep move. Bears are targeting the next hurdle at the 1.3802 support level. The decline might pause briefly at this level as the SMA catches up. However, the bearish bias is strong, with the RSI heading for the oversold region. Therefore, bears might eventually break below 1.3802. Such an outcome would clear the path to the 1.3400 key support. The downtrend will continue as long as the price trades below the SMA, with the RSI under 50. https://www.forexcrunch.com/blog/2025/04/12/usd-cad-weekly-forecast-canadas-economic-outlook-brightens-as-tariff-risks-fade/
2025-04-12 14:25
The EUR/USD weekly forecast shows an investor migration from US assets. Market volatility shot up after Trump implemented reciprocal tariffs. Data revealed weaker-than-expected US consumer and wholesale inflation. The EUR/USD weekly forecast is strongly bullish as investors start migrating from US assets, supporting the euro. Ups and downs of EUR/USD The EUR/USD pair had a bullish week as the dollar collapsed amid economic uncertainty. Meanwhile, the euro rallied together with safe-haven currencies like the yen. Market volatility shot up after Trump implemented reciprocal tariffs on Wednesday. The move caused panic as investors worried about the global economy. -Are you interested in learning about the forex indicators? Click here for details- However, the dollar briefly rebounded when Trump paused these tariffs on most countries. Still, the raging trade wars between China and the US kept a lid on gains. Meanwhile, the euro rallied. Additionally, data revealed weaker-than-expected US consumer and wholesale inflation. As a result, Fed rate cut expectations rose, further weighing on the dollar. Next week’s key events for EUR/USD Next week, market participants will focus on the US retail sales report. The report will show the state of consumer spending and shape the outlook for Fed rate cuts. In the previous month, sales increased by 0.2%. In March, economists forecast a more significant increase of 1.4%. Softer-than-expected sales will signal weaker demand, putting pressure on the Fed to cut interest rates. At the same time, the European Central Bank will hold its policy meeting on Thursday. Economists expect the central bank to cut rates by 25-bps. EUR/USD weekly technical forecast: Bulls break key 1.1204 resistance On the technical side, the EUR/USD price has had a strong bullish run, pushing the price past the 1.1204 resistance level. The rally also put the price far above the 22-SMA, showing the bulls have a strong lead. Meanwhile, the RSI has entered the overbought region, indicating solid bullish momentum. Bulls took charge when the previous downtrend paused near the 1.0201 support level. After taking charge, they kept the price above the 22-SMA, respecting it as a strong support. The price has made a series of higher highs and lows, showing a developed bullish trend. Given the solid bullish bias, the price might soon reach the 1.1603 key level. However, after such a steep swing from the SMA, bulls might need to rest. Therefore, EUR/USD might pull back to retest the recently broken 1.1204 level before climbing higher. https://www.forexcrunch.com/blog/2025/04/12/eur-usd-weekly-forecast-investors-pivot-from-us-markets/
2025-04-11 10:39
The gold price analysis points North, with safe-haven demand rising. Trump increased the tariff on imports from China to 145%. US inflation data revealed cooler-than-expected price pressures. The gold price analysis points North, with safe-haven demand rising amid the escalating trade war between China and the US. At the same time, downbeat US inflation figures increased Fed rate cut expectations, further boosting the yellow metal. –Are you interested to learn more about South African forex brokers? Check our detailed guide- On Friday, US President Trump made yet another tariff hike on imports from China to 145%. Meanwhile, China responded immediately by hiking tariffs on US imports to 125%. The ongoing conflict between the two largest economies in the world has caused immense turmoil in most markets. Risky assets like equities have suffered the most, with traders rushing to safe-haven assets. Meanwhile, gold has rallied to new highs, with its appeal rising amid economic uncertainty. Experts are predicting a likely US recession due to the raging trade war. At the same time, Trump’s on-and-off tariffs have weighed on investor confidence in the US. As a result, most are dumping US assets, putting pressure on the dollar. A weak dollar makes gold cheaper for foreign buyers, increasing demand. Furthermore, US inflation data revealed cooler-than-expected price pressures, boosting Fed rate cut expectations. The CPI increased by 2.4% annually, compared to forecasts of 2.5%. Lower borrowing costs increase the appeal of non-yielding gold. Gold key events today US core PPI m/m US PPI m/m Preliminary UoM consumer sentiment Preliminary UoM inflation expectations Gold technical price analysis: Bulls challenge the 1.272 Fib extension level On the technical side, gold has broken above a solid resistance to make a new high. The price trades well above the 30-SMA, and the RSI is overbought, suggesting a strong bullish bias. Bulls took charge when the previous decline failed to continue below the 2960.28 support level. -If you are interested in forex day trading then have a read of our guide to getting started- Bullish momentum surged enough to break past the 30-SMA. Moreover, it continued until the price reached a higher high. However, the rally has been steep, with no pullbacks for bulls to rest. Therefore, there is a high chance the price might soon retreat to allow the SMA to catch up. Moreover, bulls are approaching a strong resistance zone, comprising the 1.272 Fib extension level and the 3240.65 resistance level. At the same time, the RSI has made a bearish divergence, which could lead to a pullback. Nevertheless, the bullish bias is strong, and gold might continue making new highs. https://www.forexcrunch.com/blog/2025/04/11/gold-price-analysis-gold-shines-as-traders-seek-safety/
2025-04-11 09:06
The GBP/USD outlook shows unexpected strength in the UK economy. Global trade tensions continued, putting downward pressure on the dollar. US inflation came in softer than expected at 2.4%. The GBP/USD outlook shows unexpected strength in the UK economy, which has propelled the pound higher. On the other hand, the escalating trade war between the US and China has dimmed the outlook for US growth. At the same time, downbeat inflation figures in the previous session increased Fed rate cut expectations. –Are you interested to learn more about South African forex brokers? Check our detailed guide- Data on Friday revealed that the British economy expanded by 0.5%, well above estimates of 0.1%. The surprise figures revealed a rebound in the economy that might ease pressure on the Bank of England to lower borrowing costs. However, experts believe the impact of Trump’s tariffs will spill into the UK, hurting growth. Therefore, policymakers might wait for more data before deciding on the next move. Meanwhile, trade tensions continued, putting downward pressure on the dollar. The war between the US and China escalated with higher tariffs. Trump has imposed a total of 145% tariffs on Chinese goods. At the same time, China has gradually increased counter-tariffs on US imports. Furthermore, Trump’s sudden pause on reciprocal tariffs left many uncertain about the future outlook. As a result, investors are dumping US assets. Elsewhere, data in the previous session showed inflation increasing by 2.4% compared to forecasts of 2.5%. The downbeat report increased pressure on the Fed to cut interest rates. GBP/USD key events today US core PPI m/m US PPI m/m US preliminary UoM consumer sentiment US preliminary UoM inflation expectations GBP/USD technical outlook: Bulls set sights on the 1.3200 resistance On the technical side, the GBP/USD price has risen and broken above major resistance zones. Price action shows a whiplash move where the price initially fell sharply before reversing most of the move. The price recently broke above a resistance zone comprising the 1.3000 key psychological level and the 0.618 Fib retracement level. -If you are interested in forex day trading then have a read of our guide to getting started- Currently, the price trades far above the 30-SMA, showing bulls have a strong lead. Meanwhile, the RSI trades in the overbought region, showing solid bullish momentum. Therefore, the rally might continue to the next hurdle at the 1.3200 level. However, before climbing, the price might pull back to retest the 30-SMA. A break above the 1.3200 resistance will strengthen the bullish bias as it will make a higher high. https://www.forexcrunch.com/blog/2025/04/11/gbp-usd-outlook-sterling-soars-amid-uk-upbeat-growth/
2025-04-10 11:22
The GBP/USD outlook shows improving risk appetite after Trump paused reciprocal tariffs. Trump imposed a 125% tariff on China, worsening its trade relations with the US. Britain will strive for an economic partnership with the US. The GBP/USD outlook shows improving risk appetite after Trump paused reciprocal tariffs on most countries. As a result, traders have moved back to riskier currencies like the pound and dumped safer ones like the yen. However, the escalating trade war between China and the US is keeping a lid on gains. –Are you interested to learn more about South African forex brokers? Check our detailed guide- The pound initially collapsed on Wednesday after Trump’s reciprocal tariffs ignited a flight to safe-haven assets. A baseline tariff of 10% on most of the US’s trading partners started on Wednesday. As a result, experts were predicting higher chances of a global recession that caused panic among traders. Consequently, the pound collapsed as demand for safe-haven assets increased. However, the trend suddenly changed when Trump announced a 90-day pause on reciprocal tariffs. The pause revealed that the aggressive policy move was a negotiating tactic. Now, most countries are ready to negotiate better trading deals. However, dark clouds are still hanging over the global economy. The trade war between China and the US worsened after Trump imposed a 125% tariff on the country. China responded with an 84% tariff on US goods. Risk appetite will remain low as long as this conflict continues. Elsewhere, the UK Prime Minister has said Britain will strive for an economic partnership with the US. Nevertheless, tariffs have dimmed the outlook for the economy, increasing BoE rate cut bets. GBP/USD key events today US core CPI m/m US CPI m/m US CPI y/y US unemployment claims GBP/USD technical outlook: Bulls meet solid resistance zone near the 0.382 Fib On the technical side, the GBP/USD price has rebounded after meeting the 1.2700 key support level. Bulls are attempting to take control by pushing the price above the 30-SMA resistance. However, they face a strong resistance zone comprising the 1.2880 key level and the 0.382 Fib retracement level. -If you are interested in forex day trading then have a read of our guide to getting started- A strong close above this zone will indicate a bullish sentiment shift, clearing the path for GBP/USD to retest the 1.3200 resistance level. On the other hand, if bulls fail to close above the resistance zone, the price will bounce lower to retest the 1.2700. A break below this support will make a lower low, strengthening the bearish bias. https://www.forexcrunch.com/blog/2025/04/10/gbp-usd-outlook-sterling-recovers-as-trump-hits-tariff-brakes/
2025-04-10 09:33
The USD/CAD forecast shows a brighter outlook for the global economy. Trump temporarily lowered reciprocal tariffs on most countries. Market participants are also looking forward to the US consumer inflation report. The USD/CAD forecast shows a brighter outlook for the global economy after Trump paused some reciprocal tariffs. At the same time, Canada and Japan have agreed to cooperate with the Trump administration to maintain calm in the financial markets. As a result, the loonie rebounded sharply. However, the trade war between the US and China rages on, keeping a lid on risk appetite. –Are you interested to learn more about South African forex brokers? Check our detailed guide- Trump turned around late on Wednesday to temporarily lower reciprocal tariffs on most countries, boosting the Canadian dollar. At the same time, the dollar rebounded against safe-haven currencies. The sudden shift showed that the tariffs were mostly a negotiating tactic. However, the trade war between the US and China continues, clouding the outlook for both economies. Moreover, Canada and Japan are among the countries that have decided to work with Trump to maintain peace and calm. This has eased concerns about Canada’s economy. At the same time, it has eased pressure on the Bank of Canada to lower borrowing costs in response to tariffs. Market participants are also looking forward to the US consumer inflation report. An upbeat report will lower Fed rate cut expectations. On the other hand, a downbeat report might convince policymakers to cut rates faster. However, they might wait to see the impact of Trump’s tariffs on the economy. USD/CAD key events today US core CPI m/m US CPI m/m US CPI y/y US unemployment claims USD/CAD technical forecast: Bears aim for a new low below 1.4050 On the technical side, the USD/CAD price has dropped to retest the 1.4050 support level. The price trades well below the 30-SMA with the RSI near the oversold region, suggesting a strong bearish bias. However, bears are facing a solid hurdle at the 1.4050 support. -If you are interested in forex day trading then have a read of our guide to getting started- Previously, when the price fell to this support, it reversed sharply to the 30-SMA. Although it broke above the resistance, bulls failed to sustain a move higher, allowing bears to resume the downtrend. However, if the 1.4050 support holds firm, bulls might return. Such an outcome could mean a consolidation between the 1.4050 support and the 1.4250 resistance. On the other hand, a break below 1.4050 will strengthen the bearish bias with a lower low. https://www.forexcrunch.com/blog/2025/04/10/usd-cad-forecast-cad-takes-breather-as-trade-tensions-ease/
