AUD/USD Outlook: AUD Struggles as RBA Rate Cut Bets Rise

AUD/USD price falls to a three-week low on Friday. US GDP was revised higher to 3.8% and jobless claims fell to 218K. Traders await U.S. core PCE inflation data for fresh direction. The AUD/USD price fell to 3-week lows on Thursday, pressured by a resurgent US dollar after a raft of stronger-than-expected data. The US……

Gold forecast tumbles as risk sentiment improves globally, while investors book profit. Gold finds no respite despite Fed’s imminent rate cut this week. Traders look forward to the US HPI Y/Y and US Consumer Confidence for more impetus today. The gold forecast shows a strong bearish trend as the asset traded was just above $3,900……

USD/JPY outlook remains weak as the dollar tumbles after weaker ADP data. The increasing odds of BoJ rate hikes provide moderate support to the yen. Rising JGB yields and FX intervention warnings weigh on the USD/JPY. The USD/JPY price is attempting to stabilize on Thursday after a sharp fall in the previous session. The pair……

Gold weekly forecast turns slightly bearish after sharp profit-taking.  A stronger dollar kept the gold under pressure, with a medium-term uptrend. Traders look ahead to initial jobless claims, Chicago PMI, remarks from FOMC members, and the Fed’s rate cut decisions for further policy cues.  The gold weekly forecast witnessed volatility this week as investors took……

Gold forecast edged higher as the dollar lost traction amid rising bets on Fed easing in December. US PPI and Consumer Confidence data showed softness, adding more to the gold bulls. Markets await key US data and Fed commentary to find more clues about gold’s directional bias. The gold forecast has turned higher as the……

The GBP/USD price analysis shows the pound steady against the dollar. Data on Wednesday revealed that inflation in the UK remained high at 3.8% in August. Market participants are anticipating a more dovish Fed. The GBP/USD price analysis shows the pound steady against the dollar as UK inflation remains high. Market participants expect Bank of……