USD Weakness and Fed Outlook: The USD has been weakening following the Fed's recent rate cut and dovish comments from Chair Powell, with upcoming US NFP and CPI reports expected to influence market sentiment and potential rate adjustments.
GBP Rate Cut Expectations: The GBP is poised for a rate cut by the BoE, with recent economic data supporting this move, and the market pricing a high probability of easing measures in the near future.
GBPUSD Technical Analysis: The GBPUSD maintains a bullish trend supported by a major upward trendline, with key levels at 1.34 and 1.3470 acting as critical points for buyers and sellers.
Upcoming Economic Data: Key economic reports are scheduled for release, including UK employment and CPI data, the BoE rate decision, and US CPI, which will shape market expectations and trading strategies.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 56.660
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Current: 56.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
