EUR/USD Forex Signal: Consolidation Below $1.1000 – 08 January 2024: (EURUSD) Up By Over 1% In The Last 21 Sessions

(VIANEWS) – The US Dollar was reaching multi-month lows on an increasingly firm market expectation that the Fed will begin cutting interest rates in March 2024. The European Central Bank’s policy was seen as relatively hawkish. Technically the price had made a breakout above $1.1000 to new 4-month highs. This bullish picture has changed, as…

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USD/JPY: Plenty Of Scope For Yen Bulls To Be Disappointed This Year – Rabobank: (USDJPY) Is 1% Up In The Last 10 Sessions

(VIANEWS) – USD/JPY traded at the highest level since mid-December on Friday. Economists at Rabobank analyze the pair’s outlook. FXStreet reported that we adhere to the view that the BoJ is unlikely to consider a rate hike before April, allowing for consideration of the spring wage deals and the latest fiscal stimulus package. The overriding…

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