GBP/USD Forecast: Sellers Pound 1.33 as UK Jobs Data Disappoint

The GBP/USD forecast shows the pound trading lower amid the BoE’s dovish policy stance.  The BoE kept rates unchanged at 4%, increasing the probability for easing in the coming months.  Traders await the US preliminary UoM reports and commentary from FOMC and MPC members for further policy cues.  The GBP/USD forecast shows the pair trading……

The EUR/USD outlook remains subdued under 1.1600 on Friday. Fading bets on Fed’s aggressive easing continue to support dollar. Market participants await Powell’s speech at the Jackson Hole Symposium. The EUR/USD outlook remains subdued as the price is headed downwards today during the European session, trading under the key level of 1.1600. The pair is……

USD/CAD outlook stays steady above 1.4000 level amid dollar’s safe-haven demand. Relieved fears of trade war provide mild support to the greenback. Subdued oil prices weigh on the CAD, keeping the USD/CAD supported. The USD/CAD outlook remains steady as the greenback remains firm against the Canadian dollar in the last few sessions. The pair has……

The EUR/USD weekly forecast points to a higher likelihood of a September Fed rate cut. The US CPI increased by 2.7% annually. US wholesale inflation was much hotter than expected in July. The EUR/USD weekly forecast points to a higher likelihood of a September Fed rate cut that is weighing on the dollar. Ups and……

The AUD/USD outlook shows the pair recovering some losses after RBA’s Bullock left cautious comments. As widely anticipated, the RBA kept the cash rates unchanged at 3.6% on Tuesday.  Traders await FOMC Bowman’s commentary for further policy direction.  The AUD/USD outlook remains weak, trading near 0.6520 after a brief recovery amid the Reserve Bank of……

The GBP/USD outlook remains subdued as a firmer dollar weighs on the pound.    Dovish BoE amid worse economic data continues to weaken the sterling. Traders await the commentary from FOMC’s Bowman and MPC’s Breeden for further policy cues.  The GBP/USD outlook reflects a downside bias, marking its six-month lows under 1.3100 on Tuesday. The move……