AUD/USD Outlook Steady Amid US Shutdown, Trade Weakness Caps Gains

The GBP/USD forecast is bearish amid a hawkish Fed. Geopolitical concerns continue to weigh on the pound. Markets are now awaiting BoE policy decision and statement. The GBP/USD forecast has turned slightly bearish after staying subdued for the third consecutive session. The pair is trading around 1.3415, at the time of writing. -If you are……

The USD/CAD price analysis shows stronger bullish sentiment as the dollar recovers. The JOLTS report revealed that job openings in the US rose to 7.77 million. Economists expect slower US job growth in June and for the unemployment rate to jump from 4.2% to 4.3%. The USD/CAD price analysis shows stronger bullish sentiment as the……

The GBP/USD forecast indicates an increasing likelihood of a Fed rate cut in September. Traders are only pricing a 40% chance of another Bank of England rate cut this year.  Wholesale inflation in the UK hit a two-year high of 1.9%. The GBP/USD forecast indicates an increasing likelihood of a Fed rate cut in September,……

EUR/USD price remains flat after falling from daily highs. The removal of Fed Governor Cook created chaos in the market. The imposition of US digital taxes can initiate another trade war between the EU and the US. The EUR/USD price remains flat near 1.1630, at the time of writing, during the early European session. The……

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 weekly forecast has turned bullish after the Fed Chair left dovish remarks regarding rate cuts. Positive Eurozone PMIs limited the downside for the Euro. Markets eye macro releases from both the Eurozone and the US next week. The euro ended the week with a flurry of buying, with EUR/USD breaking through the 1.1700……