AUD/USD Price Analysis: GDP Growth Lowers RBA Rate Cut Bets

GBP outlook stays pressured as investors turn to the US dollar for its safe-haven appeal.  Traders look forward to BoE’s Huw Pill’s speech and FOMC minutes to gauge direction.  Technically, the pair signals a bearish trend and trades around 1.3400.  The GBP/USD outlook shows bearish bias, trading around 1.3400 since investors have fled to the……

The GBP/USD price analysis shows some relief for the pound as the dollar collapses. Data on Friday revealed slower-than-expected US job growth in July. Trump slapped more countries, like Canada and South Korea, with higher tariffs on Friday. The GBP/USD price analysis shows some relief for the pound as the dollar collapses on a poor……

The GBP/USD weekly forecast remains mildly bullish as the US dollar weakens on a continued US government shutdown.  The central bank is likely to move towards further easing, while the Fed stays data-dependent.  Traders await GBP manufacturing and average earnings reports, along with the US consumer price index and retail sales the next week.  The……

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……

The AUD/USD weekly forecast indicates some bearish sentiment. Risk sentiment was poor following the passage of Trump’s tax-cut bill through the US Senate. The US economy added 147,000 jobs in June, above the forecast of 111,000. The AUD/USD weekly forecast indicates some bearish sentiment as market participants prepare for an RBA rate cut. Ups and……

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……