AUD/USD Price Gains as US-China Tensions Ease, China Data Supports Outlook

The AUD/USD weekly forecast indicates bearish momentum despite the resilient Australian dollar.  Australia’s unemployment data fell to 4.3% in October, with an addition of 42.2k jobs. Traders anticipate the FOMC and RBA meeting minutes along with speeches by Fed officials next week.  The AUD/USD weekly forecast reflects a broader selling pressure, as the pair closed……

EUR/USD price eased as the dollar pulled back after three consecutive days of losses. Resilient Eurozone data pushes ECB to pause the easing cycle for longer.The  US Fed is expected to ease in December amid softer macro data. The EUR/USD price eased modestly in Friday’s Asian session, briefly slipping below the 1.1600 level after posting……

The GBP/USD weekly forecast suggests further upside for the pound. The US CPI report revealed that inflation accelerated from 0.3% to 0.4%. US unemployment claims were higher than expected, supporting Fed rate cut bets. The GBP/USD weekly forecast suggests further upside for the pound as traders gear up for a Fed rate cut on Wednesday…….

The AUD/USD outlook shows the pair recovering some losses after RBA’s Bullock left cautious comments. As widely anticipated, the RBA kept the cash rates unchanged at 3.6% on Tuesday.  Traders await FOMC Bowman’s commentary for further policy direction.  The AUD/USD outlook remains weak, trading near 0.6520 after a brief recovery amid the Reserve Bank of……

The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases.  Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week.  The GBP/USD weekly forecast remains subdued as the pair consolidates near……

The USD/CAD outlook shows the dollar rising amid optimism over an extension of the US-China trade truce. China and the US agreed to extend their trade truce by another 90 days. Forecasts show that the annual US CPI figure might increase by 2.8%.  The USD/CAD outlook shows the dollar rising amid optimism over an extension……