EUR/USD Forecast: Sellers Dominate Under 1.16, Eyes on Lagarde’s Speech

The USD/CAD pair maintains a bullish bias amid weak oil prices and heightened expectations of rate cuts by the Bank of Canada. This week’s upcoming Canadian CPI release could boost the CAD if the data exceeds the forecast. Traders look forward to the Canadian CPI and FOMC’s Waller’s comments for further policy cues.  The USD/CAD……

The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases.  Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week.  The GBP/USD weekly forecast remains subdued as the pair consolidates near……

GBP/USD outlook stays positive as dollar weakens after soft data. UK budget uncertainty continues to cap the pound gains. Increased bets on Fed easing in December and the new Fed Chair appointment weaken the US dollar further. The GBP/USD outlook remains positive as the price extends its recovery beyond the 1.3200 mark amid shifting macroeconomic……

The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal health. The UK 30-year yield rose to its highest point since May 1998. The US will release its non-farm payrolls report on Friday, providing an update on the state of the labor market. The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal……

The USD/CAD weekly forecast is neutral as markets prepare for rate cuts in Canada and the US. The Bank of Canada is under pressure to lower borrowing costs due to the weak labor market. Data revealed slightly hotter-than-expected US consumer inflation. The USD/CAD weekly forecast is neutral as markets prepare for rate cuts from the……

The EUR/USD weekly forecast turns negative near 1.1700 as the dollar recovers. Upbeat US economic data and the Fed’s cautious rhetoric lend support to the greenback. Eurozone and US jobs data and central bank speeches can shape the markets next week. The EUR/USD weekly forecast remains subdued under 1.1700, extending the retreat from the September……