USDOLLAR Rebound Vulnerable to 1Q GDP Contraction
A marked contraction in 1Q GDP may undermine the near-term rebound in the U.S. dollar as it raises the risk for a further delay in the Fed’s normalization cycle.
USD/CAD, USD/JPY Seen as Most Resilient USD-Pairs
Today's US inflation data should spark the greenback.
EUR/USD Risks Larger Bound on Dismal U.S. Consumer Price Index (CPI)
A marked downturn in the U.S. Consumer Price Index (CPI) may spark a rebound in EUR/USD as it raises the risk for a further delay in the Fed’s normalization cycle.
Euro to Look Past German IFO Survey, US Dollar May Fall After CPI Data
The Euro is likely to overlook the German IFO survey of business confidence while the US Dollar may decline even if US CPI data tops economists’ forecasts.
GBPUSD Longs Favored Above 1.5540- Scalps Target May Highs
The GBPUSD rebound is in focus with the rally now approaching near-term technical resistance. Here are the updated targets & invalidation levels that matter.