Bank of America sees dollar weakness ahead as bearish signals persist

Bank of America sees dollar weakness ahead as bearish signals persist
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Bank of America sees dollar weakness ahead as bearish signals persist
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The main event in sterling (GBP/USD) markets today is a speech by Bank of England’s Catherine Mann, the most hawkish member of the MPC. Markets will be attentive to any comments about the implications of the recent budget for monetary policy and any colour on the latest jobs/wage figures. Given her arch-hawkish stance, we suspect…
The risks in forex market have become more pressing than ever in 2025. Traders must navigate global conflicts, unstable debt levels, and sudden central bank shifts that drive forex market volatility. Global currency risks are now linked to almost every geopolitical or economic event. Understanding these risks is no longer optional—it’s critical for survival. Below…
By the end of Thursday, the Dow Jones Index (US30) rose by 0.27%. The S&P500 Index (US500) gained 0.48%. The Nasdaq (US100) technology Index closed higher by 0.94%. All three major Wall Street indices closed at record highs on Thursday. Investors welcomed the Fed’s quarter-point rate cut and the prospect of two additional reductions, interpreting…
As indicated by the AUD/USD chart, the Australian dollar has fallen below the 0.6680 level today, with the decline from Wednesday’s high (A) exceeding 1.1%. Key bearish drivers include: → Declining inflation expectations. Data released on Wednesday showed a sharp slowdown in Australian inflation to 3.4%. This has removed the likelihood of a February rate…
While the week seems moderately packed with economic developments that may trigger some movements in the Forex market, the AUD/USD pair seems to maintain a cautious mood at the moment. This could be perceived as the market has been lacking significant movement since the closing of the market on Friday until now. However, this may…
By Analytical Department RoboForex GBP/USD traded at 1.3515 on Tuesday as the US dollar strengthened. Pressure on the pound intensified at the start of the week following a sharp escalation of the US-Iran conflict, with markets fearing the breakdown of the truce and rotating into safe-haven assets. The trigger was heightened tensions around the Strait…