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…
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The USD/CAD outlook suggests growing concerns about the US labor market. Private employment in the US increased by 54,000 in August. The Fed will likely be more dovish than the Bank of Canada in the future. The USD/CAD outlook suggests growing concerns about the US labor market, which is driving up expectations for a Fed……
The GBP/USD outlook shows the pound trading cautiously against a subdued dollar ahead of the Bank of England’s decision. Despite the upbeat US ADP data at 42K, the ongoing US government shutdown limits the dollar’s upside. Traders await the BoE monetary policy meeting with the MPC members’ vote split. The GBP/USD outlook remains range-bound, with……
USD/JPY outlook remains fragile after declining from the 10-month top near 158.00. The yen surges on intervention fears despite Japan’s downbeat data. Dollar remains firm after NFP surprise, awaits US PMI data ahead. The USD/JPY outlook remains fragile on Friday, trading below the 158.00 mark after correcting from its 10-month high. The markets are bracing……
The EUR/USD outlook suggests a rebound in the dollar after it ended August down. The dollar recovered as traders anticipated crucial US employment data. Isabel Schnabel said rates should remain steady. The EUR/USD outlook suggests a rebound in the dollar after it ended August down. The recovery comes ahead of the all-important US nonfarm payrolls……
Gold outlook remains bullish, standing above the key $3,870 level. Risk flows due to the US government shutdown, weaker labor data, and the Russia-Ukraine crisis push gold up. Markets await the US ADP and ISM Manufacturing PMI for more impetus. Gold prices are holding near the record high levels of $3,875 during the early European……
The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. Japan’s ruling party lost the election on Sunday. If there is no trade deal by August 1, Japan might face a 25% tariff on its goods. The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. The……
