The EUR/USD outlook shows the euro extending Friday’s gains. Fed’s Chris Waller said he was okay with a July rate cut. Traders are expecting the ECB to pause this week. The EUR/USD outlook indicates that the euro is likely to extend its gains from Friday, as the dollar pauses its rally. The decline came after…
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EUR/USD outlook edges higher near 1.1734 as risk appetite weighs on the US Dollar despite Eurozone services PMI revision. Mixed Eurozone data show resilience, while the US labor market concerns deepen amid the delayed Nonfarm Payrolls release. Fed’s Logan cools expectations of an October rate cut, leaving markets focused on ISM services data and the……
GBP outlook stays pressured as investors turn to the US dollar for its safe-haven appeal. Traders look forward to BoE’s Huw Pill’s speech and FOMC minutes to gauge direction. Technically, the pair signals a bearish trend and trades around 1.3400. The GBP/USD outlook shows bearish bias, trading around 1.3400 since investors have fled to the……
GBP/USD forecast remains higher as the UK budget provides near-term support. The US dollar remains weak amid soft economic data and increased dovish expectations from the Fed. Technically, the prices remain protected by the 200-MA support. The GBP/USD forecast remains elevated as the pair rallied for its seventh straight session, trading near 1.3240 in Friday’s……
EUR/USD price slips as unresolved French political risk undermines confidence in the euro. Dollar strength is partly structural, driven by relative decline elsewhere rather than strong national data. Fed minutes and ECB commentary may be the next catalysts for a shift in direction. The EUR/USD price extended its downside on Wednesday, falling to 1.1615, the……
The GBP/USD weekly forecast suggests further downside. The US economy grew by 3.0%, compared to the forecast of 2.5%. The dollar retreated on Friday after data revealed slower-than-expected job growth in July. The GBP/USD weekly forecast suggests further downside as market participants prepare for a Bank of England rate cut. Ups and downs of GBP/USD ……
The AUD/USD outlook remains subdued, following weaker Australian jobs data. Fed rate cuts are weighing on the US dollar, limiting AUD/USD losses. Technically, the 20-period MA remains decisive for the traders as closing below could exacerbate selling. The AUD/USD price slipped in the Asian session on Thursday, paring off Wednesday’s partial gains led by the……
