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American Dollar Forecast Directory - Page #124

A round up of the latest American Dollar forecast news items from the Currency News desk.

Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

24 Feb 2024 at 10 AM - Written by David Woodsmith

STORY LINK Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

The Pound to Dollar exchange rate (GBP/USD) has been able to make headway on Thursday, although there has been an element of head scratching over market trends and GBP/USD has not been able to regain the 1.2700 level. Wall Street posted strong gains on Thursday with a further surge in Nvidia pushing the S&P 500 index to a fresh record...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

23 Feb 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

The Pound to Dollar exchange rate (GBP/USD) jumped to 20-day highs above 1.2700 in early Europe on Thursday, but failed to hold the gains and retreated sharply to around 1.2620. US data was mixed, but the narrative of strong US asset prices was reinforced by another round of strong Wall Street gains as the S&P 500 index posted a fresh...

CATEGORIES: Pound Dollar Forecasts

Euro Outlook: "Dollar Bid Next Couple of Weeks, Then Turning Lower in March"

23 Feb 2024 at 7 AM - Written by David Woodsmith

STORY LINK Euro Outlook: "Dollar Bid Next Couple of Weeks, Then Turning Lower in March"

The Euro (EUR) spiked higher after the French PMI business confidence data beat expectations with the Euro to Dollar exchange rate jumping to 20-day highs just below 1.0890. The subsequent data was less convincing with particular concern over the German manufacturing sector. Evidence of stronger inflation in the data also curbed...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

22 Feb 2024 at 6 AM - Written by David Woodsmith

STORY LINK Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

The Pound to Dollar exchange rate (GBP/USD) was unable to hold 1.2650, but has held above 1.2600 and settled around 1.2620 on Wednesday. Fiscal and monetary policy expectations will continue to have an important impact on the Pound with evidence of divergence tending to limit Pound buying. According to ING; “A softer dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

20 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

The Pound to Dollar exchange rate (GBP/USD) moved above the 1.2600 level on Tuesday. As the dollar dipped lower, GBP/USD posted 2-week highs just below 1.2670 before settling just below 1.2650. According to Scotiabank there is no sign of an imminent breakout with resistance around 1.2685; “Recent sterling losses towards 1.25 have...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar: "Squeeze Higher Towards 1.09 may Develop" say Scotiabank

20 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Euro to Dollar: "Squeeze Higher Towards 1.09 may Develop" say Scotiabank

The Euro to Dollar (EUR/USD) exchange rate edged just above the 1.08 level after the latest Euro-Zone wages data and advanced to 2-week highs around 1.0820 as narrow ranges again prevailed. Low volatility and solid equity markets have combined to curb potential dollar demand with markets waiting for the next major data...

CATEGORIES: Euro Dollar Forecasts

Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

19 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

The Pound to Dollar (GBP/USD) exchange rate edged higher in early Europe on Monday with highs at 1.2630, but it failed to hold the gains and drifted lower later in the session with a move back below the 1.2600 level to trade around 1.2585. Overall trading conditions were notably subdued with US markets closed for the President’s Day...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

18 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

ING analysts forecast the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.31 on a 12-month view as the dollar loses ground. Danske Bank, however, expects GBP/USD will weaken to 1.18 on the same timeframe. GBP/USD was held in tight ranges overall and traded just below 1.2600 after finding support above February...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Week Ahead Outlook: New Ranges 1.05-1.15 by End 2024

18 Feb 2024 at 9 AM - Written by John Cameron

STORY LINK Euro to Dollar Week Ahead Outlook: New Ranges 1.05-1.15 by End 2024

BNP Paribas currency analysts expect the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.15 at the end of 2024. Barclays, however, sees downside EUR/USD risks to their Q1 forecast of 1.05. The major US data releases were mixed during the week with a stronger than expected readings for consumer and producer prices while...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar: Support at 1.2530 "Looks Firm on Long-Term Chart"

17 Feb 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar: Support at 1.2530 "Looks Firm on Long-Term Chart"

The Pound to Dollar (GBP/USD) exchange rat briefly spiked higher after the UK retail sales data, but failed to hold the gains and retreated to near 1.2550 after stronger-than-expected US data. Strong UK data failed to boost the Pound and a sharp 1.3% advance for the FTSE 100 index also failed to provide support. As far as US data...

CATEGORIES: Pound Dollar Forecasts

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