Eager to discover what the future may have in store for the U.S. dollar? Find comprehensive answers in our quarterly forecast! Get it today!that revealed an unexpected uptick in the jobless rate to 3.9% in February, bolstered bets that the Fed could deliver its first cut of the cycle in June, raising the odds of this event to 57% on Friday from 52% two days earlier. The chart below shows current Fed meeting probabilities.Looking ahead, while U.S.
Conversely, if sellers unexpectedly stage a comeback and drive prices lower, the first technical floor to keep an eye on is located at 1.0890. In the event of further losses beyond this point, the spotlight will be on confluence support at 1.0850 and 1.0790 thereafter.plummeted this week, slipping below 147.50 and closing at its lowest point since early February. If losses continue over the coming trading sessions, initial support appears at 146.50.
On the flip side, if sentiment turns bearish all of a sudden and prices start moving downwards, support lies at 1.2830, followed by 1.2715. Moving lower, attention will be on the 50-day simple moving average hovering around 1.2675.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.