The GBP/USD outlook points north as the pound rides on dollar weakness. US data revealed only 73,000 new jobs in July. The Bank of England will likely cut rates on Thursday. The GBP/USD outlook points north as the pound rides on dollar weakness. The greenback collapsed on Friday after a poor jobs report and downward…
The post GBP/USD Outlook: Dollar’s Slide Fuels Pound Rally appeared first on Forex Crunch.
The AUD/USD outlook shows solid bullish sentiment as the dollar trades near a two-week low. The dollar collapsed on Tuesday after data revealed that inflation increased by 0.2%. Market participants are pricing a 98% chance of the Fed cutting rates in September. The AUD/USD outlook shows solid bullish sentiment as the dollar trades near a……
The USD/CAD weekly forecast remains bearish amid a weaker dollar after rate cuts. Steady oil prices continue to support the Canadian dollar, putting pressure on the USD/CAD. Next week’s inflation and jobs data are crucial for traders to watch, as any surprise could significantly impact the pair. The USD/CAD closed the last week slightly lower,……
The USD/CAD forecast shows the dollar in a vulnerable position ahead of the Fed meeting. Market participants are almost fully pricing a 25-bps Fed rate cut. The BoC is also facing pressure to cut rates this week. The USD/CAD forecast shows the dollar in a vulnerable position as markets prepare for a likely Fed rate……
The USD/CAD outlook suggests resilience in Canada’s manufacturing sector. Canada’s factory sales expanded by 2.5% compared to the forecast of 1.8%. The Fed will likely cut rates by 25-bps. The USD/CAD outlook suggests resilience in Canada’s manufacturing sector despite tariff uncertainty. As a result, the Canadian dollar has rallied since the previous session despite expectations……
GBP/USD outlook remains neutral to bullish ahead of the key Fed decision. Pound stays influenced by cooling CPI and labor markets, reinforcing BoE cut next week. Markets await today’s weekly ADP and JOLTS data for fresh impetus. The GBP/USD price remains well bid above 1.3300 in Tuesday’s London session, supported by broad dollar weakness and……
The EUR/USD forecast indicates a pullback in the euro at the start of the week. Trump met Russia’s Putin on Friday and said the leader is more willing to work on a peace deal. The dollar recovered as Fed rate cut bets eased. The EUR/USD forecast indicates a pullback in the euro as market participants……
