The EUR/USD outlook points to improved sentiment in the Eurozone. Trump announced that he would impose a 30% tariff on Eurozone goods. Traders are keeping an eye on the US CPI report. The EUR/USD outlook points to improved sentiment in the Eurozone after Trump said he was willing to negotiate a trade deal. As a…
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The AUD/USD weekly forecast remains cautious as investors balance stronger US dollar demand against firmer Australian inflation data. The Australian CPI exceeded expectations, declining expectations for further RBA easing. Traders anticipate commentary from Fed officials, RBA policy decisions, and nonfarm payrolls for more impetus. The AUD/USD weekly forecast remains subdued, as the pair trades near……
Gold price remains supported amid intense ETF demands. Downbeat US Service PMI helped gold buyers to post gains. US CPI data due next week remains a key event for the gold traders. Gold price remains supported by a complicated mix of dynamics, with ETF demand playing a key role in offsetting a sharp fall in……
The EUR/USD weekly forecast points to a higher likelihood of a September Fed rate cut. The US CPI increased by 2.7% annually. US wholesale inflation was much hotter than expected in July. The EUR/USD weekly forecast points to a higher likelihood of a September Fed rate cut that is weighing on the dollar. Ups and……
The AUD/USD weekly forecast stays bullish amid dollar weakness. Fed repricing with higher odds of a rate cut and soft macro data weakened the greenback. Commodity prices and China-linked risk flows supported the Aussie. The AUD/USD price closed the week near mid-0.6500, marking 1.45% gains last week, led by broad US dollar weakness and firm……
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……
The USD/CAD weekly forecast shows optimism about US-Canada trade talks. Demand for the dollar fell after the US Senate passed Trump’s controversial bill. The pair recovered slightly at the end of the week after upbeat US employment numbers. The USD/CAD weekly forecast shows optimism regarding progress in trade negotiations between Canada and the US. Ups……
