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The Federal Reserve Board “releases an eagle”! The US neutral interest rate may be higher than in the past ten years, and interest rates may only be cut once in 2024
Atlanta Federal Reserve Chairman Bostic believes that the inflation rate will continue to fall this year and 2025, but the rate of decline in inflation will be lower than many people expected.
AUD/USD Price Analysis: Uptrend Extends
AUD/USD was pulling back but it found support and rallied back up to within a few pips of the May 16 high at 0.6714.
US Dollar Ebbs in Europe as Kiwi and Swedish Krona Underperform
The US dollar was struggling for traction near the prior week's lows against many major currencies in early European trade on Monday as global markets looked ahead to a series of scheduled speeches from Federal Reserve officials.
US Dollar Extends Retracement on Fed-packed Monday
The US Dollar (USD) is starting the week as it closed off the previous week: with some easing. Equities are on the front foot this Monday while commodities are trading higher, pushing the Greenback into some easing.
Ichimoku Cloud Analysis: GBP/USD, XAU/USD, AUD/USD
GBP/USD has gained a foothold above the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2685 is expected, followed by a rise to 1.2855. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel.
Narrow Dollar Range Likely to Remain for Now - Goldman
The U.S. dollar is trading in a calm fashion against the majors of late, and these narrow ranges will likely stay for a while longer, according to Goldman Sachs (NYSE:GS), with divergence having to wait.