The GBP/USD forecast remains bearish below 1.3350 as dismal UK CPI weighs on the pound. Rising unemployment and downward-trending UK CPI cement the odds of a BoE rate cut on Thursday. The weakening dollar keeps pound losses limited, with eyes on the US CPI data ahead. The British pound plummeted against the US Dollar on…
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The EUR/USD outlook reflects range-bound momentum amid US government shutdown optimism. Luis de Guindos remains optimistic, with current interest rates, and suggests no changes if the currency inflation trends persist. Traders look ahead to the EUR Sentix Investor Confidence and remarks from FOMC officials for fresh impetus. The EUR/USD outlook shows a mild bullish bias……
The AUD/USD outlook shows solid bullish sentiment as the dollar trades near a two-week low. The dollar collapsed on Tuesday after data revealed that inflation increased by 0.2%. Market participants are pricing a 98% chance of the Fed cutting rates in September. The AUD/USD outlook shows solid bullish sentiment as the dollar trades near a……
The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a……
The AUD/USD outlook remains subdued, following weaker Australian jobs data. Fed rate cuts are weighing on the US dollar, limiting AUD/USD losses. Technically, the 20-period MA remains decisive for the traders as closing below could exacerbate selling. The AUD/USD price slipped in the Asian session on Thursday, paring off Wednesday’s partial gains led by the……
Gold outlook remains strong after rallying to multi-week highs. The Fed’s dovish turn weighs on the yields, supporting the bullion. Geopolitical uncertainty and broader demand for gold keep the downside limited. Gold price trades with a solid footing on Friday’s European session, hovering near the highest level since late October. The mild pullback occurred in……
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……
