EUR/USD Weekly Forecast: Mixed Data Leaves Market Directionless

Gold weekly forecast turns slightly bearish after sharp profit-taking.  A stronger dollar kept the gold under pressure, with a medium-term uptrend. Traders look ahead to initial jobless claims, Chicago PMI, remarks from FOMC members, and the Fed’s rate cut decisions for further policy cues.  The gold weekly forecast witnessed volatility this week as investors took……

The gold forecast shows a mild rebound on Wednesday, driven by the fresh US macro-uncertainty.   The signs of economic uncertainty, risk-off sentiment, and bargain hunting underscore gold’s safe-haven demand.  Traders await the US ADP non-farm employment change, ISM services PMI, and commentary from President Trump for further policy direction.  The gold forecast reflects a slightly……

EUR/USD forecast remains restrained around 1.1660, with political chaos in France and the US government pressuring market sentiment.  The downside risk is restricted by expectations of Fed rate cuts, and the euro finds backing from the ECB’s stable stance. Traders are focused on potential technical levels and economic data, which could influence EUR/USD’s upcoming move. ……

The AUD/USD outlook steadies as the US shutdown is balanced by downbeat domestic data. The RBA’s cautiousness and the Fed’s easing leave the AUD anchored. China’s weakness and domestic trade data could cap gains in Aussie. The AUD/USD outlook remains stable amid subdued US dollar activity following the US government shutdown and softening labor market……

The EUR/USD price analysis shows a lower likelihood of a US-Eurozone trade deal. Trump said he would send a letter to the EU as soon as Friday. Tariffs will hurt demand for goods from the Eurozone. The EUR/USD price analysis shows a lower likelihood of a trade deal between the US and the Eurozone. Trump……

The USD/JPY price analysis indicates a weak dollar as market participants gear up for a likely Fed rate cut. A dovish Fed tone could further weigh on the greenback. Traders are uncertain about Japan’s politics as the country prepares to choose a new prime minister. The USD/JPY price analysis indicates a weak dollar as market……