The GBP/USD outlook remains flat near the lower end of the range despite an upbeat UK GDP data. Wednesday’s strong US data, including PPI and retail sales, are keeping the greenback supported. Technically, the GBP/USD price remains neutral within a broad uptrend. The UK economy surprised to the upside in November, but the data failed…
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AUD/USD price remains calm near 0.6580 after posting solid gains. Australia’s Q3 GDP revealed the underlying resilience of the Australian economy. Fed easing and the dovish next Fed Chair continue to pressure the greenback. The AUD/USD price remains on the front foot, trading near the 0.6580 level as the Australian dollar extends its 2-week rally……
GBP/USD forecast turns up, testing 1.3500 as weak US labor data and the government shutdown pressure the dollar. The BoE is cautious on policy, with Deputy Governor Breeden warning that inflation risks could fall below the target. Fed cuts priced in, but Treasuries’ safe-haven appeal may limit sustained dollar downside. The GBP/USD forecast tilts higher……
China trade tensions, the Middle East, and US fiscal uncertainty have pushed gold towards $4,050. The Federal Reserve’s two more rate cuts and limited US economic releases further enhanced the safe-haven demand. The markets will likely be low-volume today, but traders will closely monitor FOMC Paulson’s speech for further direction. The gold forecast remains bullish,……
The AUD/USD outlook remains firm, reaching the 15-month top after the upbeat Australian jobs report. Recent data could push the RBA toward hikes, provided inflation remains elevated in next week’s data release. US Core PCE and Q3 GDP remain today’s major releases to find further directional bias. The Australian dollar hit a 15-month high at……
The EUR/USD weekly forecast is slightly subdued amid risk aversion. A hawkish Fed and Middle East conflict continue to weigh on risk assets. Tariff concerns are mounting as the July 9 deadline looms large. The EUR/USD weekly forecast remains mildly subdued as the week closed with a slight negative change. The US dollar maintained its……
The USD/CAD outlook indicates a slight rebound in the dollar. All eyes are now on the looming August 1 tariff deadline. The European Union is planning a tariff retaliation. The USD/CAD outlook suggests a slight rebound for the dollar as traders await updates on tariffs. The greenback fell on Monday amid uncertainty about ongoing trade……
