EUR/USD Outlook: Eyeing 1.1500 Breakout Amid Divided ECB, Cautious Fed

The GBP/USD forecast recovered briefly as the dollar weakened. The latest UK retail sales and flash S&P Global PMI boosted the pound, reducing the probability of a rate cut by the BoE.  Traders look ahead to the US HPI Y/Y and Consumer Confidence for further impetus.  The GBP/USD price halted its six-day losing streak, trading……

The USD/CAD forecast indicates a brief rebound in the pair ahead of policy meetings. US retail sales rose by 0.6%, well above the estimate of a 0.2% increase. Data from Canada showed that inflation eased by 0.1%. The USD/CAD forecast indicates a brief rebound in the pair ahead of central bank meetings in Canada and……

The EUR/USD weekly forecast has turned bullish after the Fed Chair left dovish remarks regarding rate cuts. Positive Eurozone PMIs limited the downside for the Euro. Markets eye macro releases from both the Eurozone and the US next week. The euro ended the week with a flurry of buying, with EUR/USD breaking through the 1.1700……

The AUD/USD forecast shows a slight boost, but is capped by a stronger greenback.  The AUD halted its three-day losing streak as the Austrian CPI data came in stronger than expected, lifting the AUD.  Traders look ahead to the RBA rate decision and the US ISM manufacturing PMI data for fresh impetus.  The AUD/USD forecast……

The USD/JPY forecast shows continued strength in the dollar amid geopolitical uncertainty. Market participants are anticipating the US CPI report. Data on Wednesday revealed softer-than-expected US wholesale inflation. The USD/JPY forecast shows continued strength in the dollar amid geopolitical uncertainty. The greenback rose despite downbeat US wholesale inflation and ahead of the CPI report. Meanwhile,……

Gold price marks fresh record highs above $3,900 amid geopolitics and the US government shutdown. Fed’s easing stance and institutional buying keep the bullion supported, with yearly targets around $4,200. Technically overbought gold could pull back before resuming the uptrend.   Gold price broke above the $3,900 level on Monday, marking fresh all-time highs around……