crashnsanetrilogyps5| EUR/USD, GBP/USD, USD/CAD, USD/JPY forecast

Huitong Finance APP News--Wednesday (May 22) in the early morning of Beijing timecrashnsanetrilogyps5, the U.S. dollar index was flat as traders responded to comments from Fed officials.

Federal Reserve Governor Christopher Waller pointed out that he needs to see a few more months of good inflation data before preparing to support a rate cut. Atlanta Fed President Raphael Bostic has previously said he is in no hurry to cut interest rates. Treasury yields fell today, but that did not put pressure on the dollar.

The U.S. dollar index continues to try to stay at resistance level of 104crashnsanetrilogyps5.40 - 104crashnsanetrilogyps5.60 is stable above. If the U.S. Dollar Index successfully closes above 104.60, it will test the 50 moving average of 104.81. EUR/USD

The euro fluctuated between gains and losses against the U.S. dollar due to traders 'reaction to the German PPI report. The report showed that PPI fell 3.3% year-on-year in April, while analysts expected a-3.2%. If the EUR/USD falls below the 50 moving average of 1.0829, it will move towards the nearest support level, the 1.0785 - 1.0800 range. GBP/USD

GBP/USD remained hovering around 1.2700 as traders waited for more catalysts. If GBP/USD remains above 1.2700, it will move towards the next resistance level of 1.2780 - 1.2800. USD/CAD

The U.S. dollar rose against the Canadian dollar as traders responded to Canada's inflation report. Inflation fell to 2.7% in April from 2.9% in March, and core inflation fell to 1.6% from 2.0%. If the U.S. dollar settles above the 50 moving average of 1.3644, it will move towards the important resistance level of 1.3785 - 1.3800. USD/JPY

The U.S. dollar retreated from recent highs against the yen as traders took some profits after a recent rally. Bulls seem afraid to push USDJPY above 157.00 due to intervention risks. If the USDJPY falls back below the 50 moving average of 155.77, it will move towards the latest support level of 154.50 - 155.00.

Beijing time 00crashnsanetrilogyps5: 52. EUR/USD was quoted at 1.0855, a decrease of 0.01%. GBP/USD was quoted at 1.2710, an increase of 0.04%. USD/CAD was reported at 1.3646, an increase of 0.16%. USD/JPY was reported at 156.138, a decrease of 0.07%.

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