Category: Forex News

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – Investors Await Clarity from Powell

The ECB convenes Thursday, likely maintaining record 4% interest rates. Investors seek clues on potential rate cuts, scrutinizing economic forecasts. Recent survey data indicates Eurozone business activity rebounded last month, adding to optimism.

The EUR/USD is trending higher on Tuesday after trading through a number of previous tops and overtaking the 50-4H moving average at 1.0866. A sustained move over this level could drive the single-currency into the February 2 main top at 1.0898. Long-term support is the 200-4H moving average at 1.0828.

GBP/USD


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