EUR/USD Forecast: Bullish Momentum Amid ECB-Fed Divergence, Weaker ADP

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……

EUR/USD forecast remains firm as dollar retreats to 4-month lows. Dovish Fed and stable ECB favor the EUR/USD long positions. Markets see no volatility amid the Thanksgiving holiday and in the absence of major releases. The EUR/USD forecast edges higher as the price extends its recovery on Thursday, pushing above the key 1.1600 level as……

The EUR/USD forecast remains bullish amid a weaker dollar and a resilient Eurozone economy. ECB officials highlight the EU’s stable inflation, pointing to a likelihood of a rate hike next year. All eyes are on the FOMC press conference and labour data to provide fresh impetus to the market. The EUR/USD pair opened the week……

The EUR/USD forecast is neutral as markets experience risk aversion. ECB-Fed divergence may continue to support the euro. The confluence zone at 1.1500 may help euro buyers stay bid. The EUR/USD forecast has turned neutral despite a broad upside trend, as Israel’s attack on Iran triggered a strong risk-aversion sentiment in the global financial markets…….

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 GBP/USD outlook shows the dollar near a five-week low amid bets on a Fed rate cut. The preliminary GDP reading revealed that the US economy expanded by 3.3%. The pound remains vulnerable amid fiscal worries in the UK. The GBP/USD outlook shows the dollar near a 5-week low as traders price a 90% chance……