AUD/USD Price Analysis: Trade Talk Optimism Improves Sentiment

The AUD/USD outlook stays steady as a less dovish Fed balances positive risk sentiment. The US dollar declined further due to the Fed’s uncertain policy stance ahead of the December Fed meeting.  Traders look ahead to commentary from FOMC members Bowman and Logan for further Fed policy outlook. The AUD/USD outlook shows the pair witnessed……

The EUR/USD outlook turns bullish as the sentiment shifts after ceasefire. Falling crude oil prices may provide more support to the EU economy. Markets now await Fed Chair’s testimony before Congress for further policy clues. The EUR/USD pair staged an impressive comeback, gaining 1.3% from Monday lows to trade near 1.1600 level on Tuesday. The……

AUD/USD outlook gains after Fed Chair Jerome Powell’s dovish Jackson Hole remarks boosted rate cut bets for September. RBA remains cautious despite strong labor market data, with investors awaiting minutes and CPI for further policy clues. US Core PCE inflation later this week is the key risk event that could cap upside momentum in AUD/USD…….

The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise. Inflation in Canada eased to 1.7% in July from the previous reading of 1.9%.  Oil has dropped amid progress in peace talks with Russia and Ukraine. The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise after……

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……

The GBP/USD weekly forecast is mildly bearish amid central bank divergence. The Middle East crisis continues to weigh on the pound, adding gains to the US dollar. Market participants set eyes on PMI readings and US GDP and inflation data. The British pound managed to partially recover its losses against the US dollar after the……