The GBP/USD weekly forecast remains elevated despite a pullback from the weekly highs above 1.3400. Fed rate cut, dismal jobless claims, and dovish tone lent fair support to the pound. Next week’s BoE rate decision and US CPI and NFP remain the key events to watch. The GBP/USD price traded in a positive zone, briefly…
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USD/JPY forecast remains mildly soft ahead of the FOMC rate decision. Next Fed Chair headlines keep the markets uncertain. Technically, the price could test the 200-day moving average before accumulating sufficient buying. The USD/JPY price traded with mild softness on Tuesday as the Dollar Index drifted lower following fresh headlines about the next Fed leadership…….
The AUD/USD outlook points to further weakness in Australia’s labor market. Australia’s economy lost 5,400 jobs compared to the forecast of an addition of 21,200. The dollar gained after the Fed cut rates as expected on Wednesday. The AUD/USD outlook points to further weakness in Australia’s labor market that could increase pressure on the RBA……
GBP/USD forecast remains supported by sticky UK inflation and steady BoE stance. Dollar’s advance stalls as US data blackout clouds rate outlook. Markets see October Fed cut as certain, while December cut remains uncertain. The GBP/USD forecast stays firm this week as the US dollar faces receding momentum amid a delay in key economic releases……
Rising Fed cut bets and easing US yields weaken the dollar, boosting gold’s safe-haven demand. Prolonged geopolitical uncertainties revive gold’s safe-haven appeal against the ongoing economic and political volatility. Traders look ahead to the Consumer Price Index and jobless claims for further policy and economic cues. The gold weekly forecast shows a sharp rally to……
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 EUR/USD price sees a fresh buying wave as geopolitical tensions de-escalate. The ECB’s shift of tone may provide an additional boost to the euro. Market participants are eyeing the FOMC meeting this week. The EUR/USD price maintains a strong bullish momentum despite the Middle East tension that weighed on the pair on Friday. The……
