AUD/USD Outlook: Soft Inflation Hits the Dollar, Boosts Aussie

Rising Fed cut bets and easing US yields weaken the dollar, boosting gold’s safe-haven demand. Prolonged geopolitical uncertainties revive gold’s safe-haven appeal against the ongoing economic and political volatility.  Traders look ahead to the Consumer Price Index and jobless claims for further policy and economic cues.  The gold weekly forecast shows a sharp rally to……

The USD/JPY forecast tilts to the downside as BoJ-Fed divergence favors yen. Risk-off sentiment strengthens yen but limits gains amid dollar’s own haven appeal. Today’s US ADP jobs report is crucial to watch, along with the US ISM PMI and JOLTS data. The USD/JPY remains under mild pressure as the Japanese yen continues to find……

EUR/USD forecast remains tilted to the upside amid narrowing rate differentials. The short-term view remains consolidating, with focus on German IFO data. Technical forecast is mildly bearish within the current consolidation, supported by 1.1470, with eyes on 1.1590. The EUR/USD forecast remains slightly up on Monday, as renewed odds of a December Fed rate cut……

The EUR/USD forecast is bullish, with eyes on the 1.1800 level as the dollar weakens further. The EU’s optimistic fiscal conditions support the growth outlook, lending further support to the euro. Markets now focus on the US Core PCE Price Index for further impetus. The euro extended its winning streak on Friday, with the EUR/USD……

The USD/CAD forecast indicates a brief rebound in the pair ahead of policy meetings. US retail sales rose by 0.6%, well above the estimate of a 0.2% increase. Data from Canada showed that inflation eased by 0.1%. The USD/CAD forecast indicates a brief rebound in the pair ahead of central bank meetings in Canada and……

UK GDP indicates modest growth, while dovish Fed expectations weakened the dollar. Geopolitical risks like US-China trade frictions and French political uncertainty keep sentiment cautious.  Traders look forward to FOMC Waller’s speech and the Philly Fed manufacturing index for further impetus. The GBP/USD forecast indicates the price stays above the 1.3400 level, backed by mixed……