EUR/USD Price Analysis: Growing US-EU Economic Divergence

The gold outlook remains strongly bullish, hitting fresh all-time highs near $4,700 at the start of the week. Geopolitical risks stemming from the Greenland situation, along with conflicts in the Middle East and Russia, keep gold demand underpinned. All eyes are now on US PCE and GDP data to find fresh trading opportunities this week…….

The Euro steadies amid lower US yields and easing French political instability, but upside remains limited due to geopolitical risks. Any renewed geopolitical tensions, like the US-China trade frictions, could support the dollar and weigh on the euro. Traders look ahead to the Consumer Price Index and jobless claims for clear policy direction.  The EUR/USD……

The GBP/USD outlook is extremely bullish after the dollar loses further due to Trump’s criticism of the Fed. Iran-Israel ceasefire continues to underpin the global risk sentiment. Markets are now eyeing the Q1 GDP and Core PCE Index data from the US. The British pound extended its bullish momentum for the fourth consecutive session on……

EUR/USD forecast remains restrained around 1.1660, with political chaos in France and the US government pressuring market sentiment.  The downside risk is restricted by expectations of Fed rate cuts, and the euro finds backing from the ECB’s stable stance. Traders are focused on potential technical levels and economic data, which could influence EUR/USD’s upcoming move. ……

The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise. Inflation in Canada eased to 1.7% in July from the previous reading of 1.9%.  Oil has dropped amid progress in peace talks with Russia and Ukraine. The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise after……

The EUR/USD outlook remains subdued under 1.1600 on Friday. Fading bets on Fed’s aggressive easing continue to support dollar. Market participants await Powell’s speech at the Jackson Hole Symposium. The EUR/USD outlook remains subdued as the price is headed downwards today during the European session, trading under the key level of 1.1600. The pair is……