USD/CAD Weekly Forecast: Optimism Grows on Trade Talks

The EUR/USD weekly forecast remains tilted to the downside, as US data shows resilience and fading odds of a January rate cut by the Fed. Markets ignored the improved Eurozone data, maintaining the selling pressure. Technically, the EUR/USD price needs to overcome the 1.1680 hurdle to relieve the selling pressure. The EUR/USD pair struggled throughout……

The EUR/USD price attempted a recovery above 1.1600 amid a weakening US dollar. Prolonged geopolitical instability could accelerate the dollar and weigh on the euro. Traders look forward to comments from FOMC members for insight about the policy cues and economic outlook.  The EUR/USD forecast highlights an effort to find acceptance above 1.1600 amid expectations……

USD/JPY forecast remains mildly soft ahead of the FOMC rate decision. Next Fed Chair headlines keep the markets uncertain. Technically, the price could test the 200-day moving average before accumulating sufficient buying. The USD/JPY price traded with mild softness on Tuesday as the Dollar Index drifted lower following fresh headlines about the next Fed leadership…….

The USD/CAD forecast indicates a sharp pullback from Friday’s peaks. The pair dropped last week as Trump renewed his attacks on the Fed. US data revealed that inflation rose by 0.2% compared to estimates of 0.1%. The USD/CAD forecast suggests a sharp pullback from Friday’s peaks as focus shifts back to US monetary policy. Initially,……

The GBP/USD weekly forecast remains under pressure amid dismal UK economic data. The US dollar remains firm amid receding Fed rate cut expectations. All eyes on the UK Autumn budget and US inflation data that could shape the market expectations. The GBP/USD weekly forecast reveals sustained pressure as the soft UK data, like a 1.1%……

Gold weekly forecast turns bullish as Fed Chair hinted at a rate cut in September. Easing tensions in Ukraine could cap the gains in gold. Traders eye the US Core PCE and US GDP q/q data due next week for more impetus. Gold ended the previous week on an optimistic note, rising above the $3,370……