EUR/USD Outlook: Consolidation Persists as Markets Await Key Eurozone Inflation Data

The EUR/USD pair exhibits a range-bound momentum as markets anticipate the release of September’s Non-Farm Payroll this week. ECB officials affirm that interest rates should remain unchanged as inflation and economic growth risks remain balanced.  FOMC officials’ commentary could lead the traders to reposition.    The EUR/USD outlook indicates that the pair is consolidating near 1.1590,……

Gold weekly forecast is bullish amid geopolitical tension. Cooling US inflation data, which weighs on the dollar, boosted demand for gold. Market participants are now eyeing the FOMC meeting minutes. The gold weekly forecast turns strongly bullish, with an eye on testing the all-time highs around $3,500. The recent geopolitical tension stemming from the Israel-Iran……

The USD/JPY price analysis indicates resilience in the yen. Japan’s Ishiba said he would remain the Prime Minister despite losing the majority of seats in the Upper House. Trump has threatened a 25% tariff on Japan starting August 1. The USD/JPY price analysis indicates resilience in the yen after Prime Minister Shigeru Ishiba announced he……

EUR/USD price slips below 1.1770, pressured by weaker German IFO data and cautious Fed messaging that bolstered the US Dollar. Fed narrative shifting: Powell remains cautious on cuts, Miran calls for bolder easing, but markets scale back bets on two 2025 rate cuts. The euro outlook remains fragile, with manufacturing weakness and tariff-related pressures offsetting……

The GBP/USD outlook remains neutral amid the Middle East crisis. The UK CPI data came upbeat, lending mild support to the pound. Markets now focus on FOMC and BoE policy guidance. The GBP/USD outlook improved slightly on Wednesday as the UK CPI met expectations, showing a rise in food inflation. However, the pair lost more……

The EUR/USD weekly forecast is slightly subdued amid risk aversion. A hawkish Fed and Middle East conflict continue to weigh on risk assets. Tariff concerns are mounting as the July 9 deadline looms large. The EUR/USD weekly forecast remains mildly subdued as the week closed with a slight negative change. The US dollar maintained its……