Gold price remains supported above $4,300 level, looking to close the year with more than 60% annual gains. The mixed US NFP data weighed on the dollar, supporting gold. Central bank demand and a dovish Fed pose a long-term bullish narrative for gold. The gold price maintains a positive momentum above the $4,300 level, near…
The post Gold Price Supported Above $4,300 Amid Mixed US NFP appeared first on Forex Crunch.
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 AUD/USD forecast remains mildly supportive amid the RBA’s cautious outlook. Policymakers emphasized a balanced and data-driven approach to future monetary policy in the RBA meeting minutes. Markets await factory orders m/m, the NAHB housing market index, and FOMC commentary for further impetus. The AUD/USD forecast indicates the pair is in a neutral to slightly……
The USD/CAD forecast shows intense pressure on the Canadian dollar ahead of the tariff deadline. Canada could face tariffs of 35% if there is no trade deal soon. Traders are expecting both the Fed and the BoC to pause. The USD/CAD forecast shows intense pressure on the Canadian dollar as the August 1 tariff deadline……
The AUD/USD weekly forecast stays bullish amid dollar weakness. Fed repricing with higher odds of a rate cut and soft macro data weakened the greenback. Commodity prices and China-linked risk flows supported the Aussie. The AUD/USD price closed the week near mid-0.6500, marking 1.45% gains last week, led by broad US dollar weakness and firm……
The AUD/USD price recovers as Israel may head for a ceasefire with Hammas. China’s upbeat retail sales data boosts Aussie. US dollar stays weaker amid improved risk and dovish FOMC. The AUD/USD price recovers ground as the geopolitical tension cools down after Israel proposed a revised deal to negotiate with Hammas for the hostages. The……
Gold forecast tilts to the upside as US inflation data shows core CPI cooling. The dollar remains under pressure amid concerns about the Fed’s independence. Central bank buying remains a major factor, limiting the downside for gold. Gold (XAU/USD) has surged to fresh record highs as markets lean harder into the view that the Federal……
