AUD/USD Outlook: Soft Inflation Hits the Dollar, Boosts Aussie

The GBP/USD price analysis points to a bullish scenario, as UK retail sales surprise markets with an upbeat number. The US dollar could not gain traction despite better Q3 GDP and sustained Core PCE figures. The markets now await UK PMI data in the next two hours, followed by US PMIs in the New York……

Gold forecast intact as safe-haven appeal remains unabated amid Fed easing and the ongoing US government shutdown.  The US-China trade frictions and the Russia-Ukraine war remain key risk factors, adding more to bullion’s safe-haven appeal. Traders anticipate the Consumer Price Index for a clear view of the US economic affairs and Fed rate cuts.  The……

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 USD/CAD price analysis shows continued dollar weakness. Trump’s Fed pick has raised speculation about more dovish picks in the future. Market participants are awaiting employment figures from Canada. The USD/CAD price analysis shows continued dollar weakness after Trump’s pick for Fed Governor hinted at more dovishness in the central bank. At the same time,……

The USD/JPY outlook remains mildly positive after the Bank of Japan leaves rates unchanged. Analysts believe the upside may be capped by 145.50, observing a ranging behavior. Geopolitics could boost yen demand amid safe-haven flows. The USD/JPY outlook remains slightly supported as the pair snapped a two-day winning streak after the Bank of Japan left……

The EUR/USD price analysis remains subdued under 1.1600 amid deteriorated risk sentiment.  Fed’s cautious tone and political chaos in France weigh on the euro.   Traders look ahead to the G20 and IMF meetings for clear policy direction.  The EUR/USD price analysis suggests that the pair remains pressured, trading near 1.1590 after dropping below the 1.1600……