Gold price remains supported amid intense ETF demands. Downbeat US Service PMI helped gold buyers to post gains. US CPI data due next week remains a key event for the gold traders. Gold price remains supported by a complicated mix of dynamics, with ETF demand playing a key role in offsetting a sharp fall in…
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The AUD/USD outlook indicates a rebound in the dollar. The latest trade deal came on Sunday between the US and the EU. Traders expect Powell to keep his cautious tone. The AUD/USD outlook indicates a slide amid the US dollar’s rebound as optimism grows over recent trade deals. The agreements have begun to lift the……
The EUR/USD forecast is bullish, with eyes on the 1.1800 level as the dollar weakens further. The EU’s optimistic fiscal conditions support the growth outlook, lending further support to the euro. Markets now focus on the US Core PCE Price Index for further impetus. The euro extended its winning streak on Friday, with the EUR/USD……
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 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……
EUR/USD outlook edges higher near 1.1734 as risk appetite weighs on the US Dollar despite Eurozone services PMI revision. Mixed Eurozone data show resilience, while the US labor market concerns deepen amid the delayed Nonfarm Payrolls release. Fed’s Logan cools expectations of an October rate cut, leaving markets focused on ISM services data and the……
The GBP/USD forecast shows the pair stabilized under 1.1350 amid the diverging policy decisions by the Fed and BoE. The UK inflation data, fiscal concerns, and softer retail sales data weigh the pound. Traders await commentary from FOMC Members Hammock, Logan, and Bostic for further policy cues. The GBP/USD forecast shows a steady movement, trading……
