The GBP/USD price analysis remains mildly subdued following the US dollar’s gain in traction after the CPI data release. The US PPI and retail sales data due on the day could impact the direction of GBP/USD. A patient and dovish BoE could keep the outlook for the pound from struggling. The GBP/USD pair is trading…
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The AUD/USD forecast appears neutral after the dismal Chinese data. Australian employment data revealing weakness puts RBA in doubts about keeping tighter monetary policy. The markets await US NFP data due on Tuesday for further impetus. The AUD/USD price opened the week slightly lower, trading near mid-0.6600 in Asian hours on Monday as weak Chinese……
The AUD/USD forecast indicates a surge in RBA rate cut bets. Australia’s economy added only 2,000 jobs, compared to the forecast of 21,000. Reports revealed that Trump was planning to fire Powell. The AUD/USD forecast indicates a surge in RBA rate cut bets after a downbeat jobs report from Australia. Meanwhile, in the US, tensions……
The EUR/USD outlook turns bullish as the sentiment shifts after ceasefire. Falling crude oil prices may provide more support to the EU economy. Markets now await Fed Chair’s testimony before Congress for further policy clues. The EUR/USD pair staged an impressive comeback, gaining 1.3% from Monday lows to trade near 1.1600 level on Tuesday. The……
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……
The EUR/USD outlook is positive amid a hawkish ECB and a weaker dollar. Tariff concerns and downbeat US CPI continue to weigh on the dollar. Trade talks and US PPI remain the limelight events for now. The EUR/USD outlook stays strongly bullish as the pair breaks multi-month highs, nearing 1.1600 during the European session. The……
UK GDP indicates modest growth, while dovish Fed expectations weakened the dollar. Geopolitical risks like US-China trade frictions and French political uncertainty keep sentiment cautious. Traders look forward to FOMC Waller’s speech and the Philly Fed manufacturing index for further impetus. The GBP/USD forecast indicates the price stays above the 1.3400 level, backed by mixed……
