AUD/USD Forecast: Soft ADP Strengthens Fed Easing Outlook

The euro remains steady amid signs of resilient growth and the ECB’s policy guidance. The USD strengthens amid expectations of two additional rate cuts by year-end.   Traders await comments from FOMC members Bowman and Barr for further policy and economic directions.  The EUR/USD outlook shows the pair under pressure, maintaining a cautious market sentiment amid……

Gold outlook remains fragile amid risk-on flows and dollar recovery. Mixed US data and a cautious Fed may keep the precious metal sidelined. Gold investments are rotating into other precious metals, keeping the yellow metal under pressure. The gold price extended its downward trajectory on Friday as risk sentiment improved, while the US dollar mildly……

EUR/USD price analysis remains range-bound despite eased US-EU tensions over Greenland. The Fed’s patience and the ECB’s growth concerns continue to weigh on the euro. Markets await US initial jobless claims, Core PCE, and GDP data for directional bias. EUR/USD traded around 1.1685 on Thursday after bouncing 0.3% on Wednesday. However, the pair remains stuck……

The AUD/USD forecast suggests easing pressure on Australia’s central bank to cut borrowing costs. Australia’s unemployment rate eased from 4.3% to 4.2%. Market participants are even pricing a 7% chance of the Fed cutting rates by 50-bps. The AUD/USD forecast suggests easing pressure on Australia’s central bank to cut borrowing costs after an upbeat employment……

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……

The AUD/USD outlook suggests a growing likelihood of more RBA rate cuts this year. The US economy added 147,000 jobs in June, compared to the forecast of 111,000. Investors remain uncertain over trade deals as the tariff deadline looms. The AUD/USD outlook suggests a growing likelihood of more RBA rate cuts this year than previously……