Gold price forms a fresh multi-week high amid the Middle East crisis. Dismal US economic data may push the Fed to cut rates soon. The metal corrects after a strong upside with the potential to hit $3,500. Gold price breaks above the $3,400 mark on Friday, posting fresh multi-week highs near $3,445 as the safe…
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The USD/JPY price analysis indicates optimism following reports of a trade deal between the US and Japan. Japan will invest $550 billion in the US. Japan’s PM Shigeru Ishiba might resign next month. The USD/JPY price analysis indicates optimism following reports of a trade deal between the US and Japan, which has boosted the yen…….
The GBP/USD price analysis leans to the upside, driven by upbeat UK Q2 GDP and the US government shutdown. Softer JOLTS data weakened the dollar, revealing a cooling labor market. All eyes are now on the US ADP and ISM PMI data due today. The GBP/USD price analysis shows a mildly bullish scenario as the……
The EUR/USD price analysis shows the euro recovering from some of its losses. The euro gained as traders awaited the outcome of a meeting between Trump and Putin. The US PPI increased by 0.9%, beating estimates of 0.2%. The EUR/USD price analysis shows the euro recovering from some of its losses as traders watch peace……
The EUR/USD outlook remains supported as Eurozone PMI data showed contraction in manufacturing but resilience in services. Fed officials remain divided on further cuts, keeping dollar strength in play. Market focus turns to U.S. GDP and PCE inflation for direction in EUR/USD. The EUR/USD outlook remains steady near the 1.1800 handle on Tuesday after bouncing……
The AUD/USD price analysis shows a slight improvement in risk appetite. The US president said he was willing to continue talks with the EU. Market participants are expecting an acceleration in US price pressures. The AUD/USD price analysis shows a slight improvement in risk appetite after Trump showed a willingness to continue trade negotiations. However,……
Dovish Fed expectations and declining US growth weigh on the dollar. The UK’s fiscal challenges and the cautious Bank of England’s policy stance limit the pound’s uptrend. Traders look ahead to the IMF meetings and comments from FOMC and MPC members for further policy cues. The GBP/USD outlook indicates bullishness as the pair trades around……
