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the_mommy_collab

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The US CPI number came in higher than expected, showing increased price pressure. Wholesale inflation missed forecasts, weakening the dollar.  The US will release retail sales figures showing consumer spending. The AUD/USD weekly forecast shows a bearish tilt amid strong dollar as US data diminishes hopes for a Fed’s rate cut in November. Ups and...
The post AUD/USD Weekly Forecast: US Data Dims Fed’s Move in Nov (https://www.forexcrunch.com/blog/2024/10/12/aud-usd-weekly-forecast-us-data-dims-feds-move-in-nov/) appeared first on Forex Crunch (https://www.forexcrunch.com/).

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AUD/USD Weekly Forecast: US Data Dims Fed’s Move in Nov
https://www.forexcrunch.com/blog/2024/10/12/aud-usd-weekly-forecast-us-data-dims-feds-move-in-nov/

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Most Fed policymakers agreed to lower borrowing costs by 50-bps. The US Consumer Price Index rose by 2.4% annually, above estimates. Markets lowered the chances of a November Fed rate cut. The EUR/USD weekly forecast is bearish due to a continuing shift to a more cautious outlook for Fed policy after hotter CPI data. Ups...
The post EUR/USD Weekly Forecast: Fed Takes More Conservative Stance (https://www.forexcrunch.com/blog/2024/10/12/eur-usd-weekly-forecast-fed-takes-more-conservative-stance/) appeared first on Forex Crunch (https://www.forexcrunch.com/).

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