The AUD/USD price recovers as Israel may head for a ceasefire with Hammas. China’s upbeat retail sales data boosts Aussie. US dollar stays weaker amid improved risk and dovish FOMC. The AUD/USD price recovers ground as the geopolitical tension cools down after Israel proposed a revised deal to negotiate with Hammas for the hostages. The…
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The progressing US-China trade talks subdued gold’s safe-haven appeal. The 3% inflation YoY reinforces hopes for two Fed cuts by 2025. Due to the ongoing Federal government shutdown, the markets face a delay in key data releases. The gold outlook shows a steep decline, the first in the last five years, as the pair traded……
The GBP/USD forecast recovered briefly as the dollar weakened. The latest UK retail sales and flash S&P Global PMI boosted the pound, reducing the probability of a rate cut by the BoE. Traders look ahead to the US HPI Y/Y and Consumer Confidence for further impetus. The GBP/USD price halted its six-day losing streak, trading……
The EUR/USD forecast shows the euro steady ahead of the European Central Bank meeting. Market participants expect the ECB to keep interest rates unchanged. The European Union is nearing a trade deal with the US. The EUR/USD forecast indicates that the euro remains steady ahead of the European Central Bank meeting. Meanwhile, business activity data……
The GBP/USD outlook suggests mounting worries about the UK’s fiscal health. The UK public sector borrowed 83.8 billion pounds between April and August. The Bank of England kept interest rates on hold in the previous session. The GBP/USD outlook suggests mounting worries about the UK’s fiscal health after data revealed a bigger-than-expected surge in public……
Gold weekly forecast turns slightly bearish after sharp profit-taking. A stronger dollar kept the gold under pressure, with a medium-term uptrend. Traders look ahead to initial jobless claims, Chicago PMI, remarks from FOMC members, and the Fed’s rate cut decisions for further policy cues. The gold weekly forecast witnessed volatility this week as investors took……
Gold price stays subdued with limited downside. Fed policy signals weighed on the gold as bets for aggressive easing faded. Markets now eye the Fed Chair speech and the Jackson Hole Symposium. Gold price stays under pressure in the early European session on Thursday with limited downside, as investors weigh Fed policy signals against persistent……
