AUD/USD Forecast: Buyers Struggle as China’s Data Disappoints

The EUR/USD forecast remains bullish as the dollar weakened further following the release of dismal ADP and Services PMI data. The ECB’s neutral monetary policy diverges from easing Fed support, with EUR/USD poised for upside. Markets await the US Jobless Claims and PCE inflation report data ahead. The EUR/USD forecast edges higher as the US……

The EUR/USD weekly forecast points to a higher likelihood of a September Fed rate cut. The US CPI increased by 2.7% annually. US wholesale inflation was much hotter than expected in July. The EUR/USD weekly forecast points to a higher likelihood of a September Fed rate cut that is weighing on the dollar. Ups and……

Gold price recovers from 3-week lows amid safe-haven demand. The US’s pressure on Russia to resolve the Ukraine conflicts keeps the risk elevated. The EU-US trade deal gives a boost to the US dollar, keeping gold’s upside capped. The gold price bounced off the 3-week lows near $3,300 on Tuesday, during the European session. The……

The AUD/USD outlook points to further weakness in Australia’s labor market. Australia’s economy lost 5,400 jobs compared to the forecast of an addition of 21,200. The dollar gained after the Fed cut rates as expected on Wednesday. The AUD/USD outlook points to further weakness in Australia’s labor market that could increase pressure on the RBA……

Gold stays intact above $4,100 amid anticipated Fed easing and ongoing geopolitical risks.  US-China trade frictions enhance gold’s “buy-on-dips” appeal.  Traders look ahead to Fed Powell’s speech and the upcoming CPI and PPI figures for further policy cues.  The gold outlook shows a retreat from the intraday peak around the $4,179-4,180 level, after investors booked……

The EUR/USD outlook suggests a rebound in the dollar after it ended August down. The dollar recovered as traders anticipated crucial US employment data.  Isabel Schnabel said rates should remain steady. The EUR/USD outlook suggests a rebound in the dollar after it ended August down. The recovery comes ahead of the all-important US nonfarm payrolls……