The EUR/USD weekly forecast remains upside, staying above 1.1700. The weaker US dollar lends more support to the euro amid the Fed’s policy outlook and poor economic data. Markets are now eyeing US ADP and NFP data along with the Fed Chair’s speech. The EUR/USD price ended the month with a solid bullish momentum, closing…
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AUD/USD outlook gains after Fed Chair Jerome Powell’s dovish Jackson Hole remarks boosted rate cut bets for September. RBA remains cautious despite strong labor market data, with investors awaiting minutes and CPI for further policy clues. US Core PCE inflation later this week is the key risk event that could cap upside momentum in AUD/USD…….
The AUD/USD weekly forecast indicates bearish momentum despite the resilient Australian dollar. Australia’s unemployment data fell to 4.3% in October, with an addition of 42.2k jobs. Traders anticipate the FOMC and RBA meeting minutes along with speeches by Fed officials next week. The AUD/USD weekly forecast reflects a broader selling pressure, as the pair closed……
The GBP/USD weekly forecast suggests further downside. The US economy grew by 3.0%, compared to the forecast of 2.5%. The dollar retreated on Friday after data revealed slower-than-expected job growth in July. The GBP/USD weekly forecast suggests further downside as market participants prepare for a Bank of England rate cut. Ups and downs of GBP/USD ……
The EUR/USD forecast is strongly bullish despite a mild pullback from YTD highs. A weaker dollar amid dovish Fed expectations keeps the Euro bullish. Markets are eyeing US Q1 GDP and US Core PCE Index data for further impetus. The EUR/USD price is trading slightly lower on Wednesday during the early New York session, after……
The USD/CAD outlook indicates a slight rebound in the dollar. All eyes are now on the looming August 1 tariff deadline. The European Union is planning a tariff retaliation. The USD/CAD outlook suggests a slight rebound for the dollar as traders await updates on tariffs. The greenback fell on Monday amid uncertainty about ongoing trade……
GBP/USD outlook improves despite BOE’s rate cut. The MPC vote came in favor of a rate cut by a 5-4 split. Macroeconomic UK data could limit the upside potential The GBP/USD outlook has significantly improved as the price reclaims the 1.3400 handle after the BOE’s rate decision. The price is 0.56% up on the day,……
