The GBP/USD outlook turns bullish despite a mixed UK labor market data. Gradual cooling in the labor market suggests that the central bank could refrain from further easing. Markets now await UK CPI and retail sales data for further cues on the UK economy. GBP/USD is holding a strong bullish bias despite the latest UK…
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The GBP/USD forecast recovered briefly as the dollar weakened. The latest UK retail sales and flash S&P Global PMI boosted the pound, reducing the probability of a rate cut by the BoE. Traders look ahead to the US HPI Y/Y and Consumer Confidence for further impetus. The GBP/USD price halted its six-day losing streak, trading……
The EUR/USD weekly forecast shows a rebound in the dollar. The greenback fell in anticipation of a rate cut by the Fed. Powell noted that employment risks had increased. The EUR/USD weekly forecast shows weakness as the US dollar recovers ground after the Fed’s rate cut, as the impact has already been priced. Ups and……
The USD/JPY weekly forecast points to cautious tones from Powell and Ueda. The yen gained after Prime Minister Ishiba said he would stay on. A surprise trade deal between Japan and the US boosted the yen. The USD/JPY weekly forecast points to cautious tones during next week’s Fed and Bank of Japan policy meetings. Ups……
The USD/CAD outlook indicates a rallying dollar as markets prepare for Trump’s reciprocal tariffs. The US has only signed trade deals with the UK, China, and Vietnam. Market participants are expecting crucial employment figures from Canada this week. The USD/CAD outlook shows a rallying dollar as markets brace for Trump’s reciprocal tariff deadline. Meanwhile, the……
Gold price marks fresh record highs above $3,900 amid geopolitics and the US government shutdown. Fed’s easing stance and institutional buying keep the bullion supported, with yearly targets around $4,200. Technically overbought gold could pull back before resuming the uptrend. Gold price broke above the $3,900 level on Monday, marking fresh all-time highs around……
The EUR/USD outlook remains steady under 1.1750, with eyes on the US CPI and the ECB rate decision. A softer dollar ahead of data keeps the EUR/USD downside limited. Weaker German IFO data and bearish pin bars continue to cap the gains, keeping the pair within a broad range. The EUR/USD price is trading below……
