The GBP/USD forecast remains mildly positive ahead of BoE’s rate decision. UK macroeconomics keep clouding the overall outlook of the pound. MPC vote split is important to watch along with the BoE’s rate decision. The GBP/USD forecast has turned slightly positive as the pair managed to reclaim the 1.3300 handle on Wednesday ahead of the…
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The AUD/USD forecast remains subdued amid Middle East chaos. US attacks on Iran provoked Iran to choke Hormuz Strait, deteriorating the risk sentiment. Mixed Aussie data may not prevent RBA to cut further. The AUD/USD forecast slipped as the pair started the week under pressure, posting fresh five-week lows near 0.6400 as geopolitical tensions weighed……
The AUD/USD forecast suggests easing pressure on Australia’s central bank to cut borrowing costs. Australia’s unemployment rate eased from 4.3% to 4.2%. Market participants are even pricing a 7% chance of the Fed cutting rates by 50-bps. The AUD/USD forecast suggests easing pressure on Australia’s central bank to cut borrowing costs after an upbeat employment……
The USD/JPY outlook points to a stronger dollar as traders await the outcome of a meeting between Trump and Zelensky. Traders are preparing for the Jackson Hole symposium. Powell might not give a clear rate cut signal. The USD/JPY outlook points to a stronger dollar as traders await the outcome of a meeting between Trump……
The GBP/USD price analysis suggests an almost absolute chance that the Fed will cut rates in September. Data on Tuesday revealed that the US CPI increased by 0.2% as expected. Trump threatened a lawsuit against Powell for poor management of renovations. The GBP/USD price analysis suggests an almost absolute chance that the Fed will cut……
The EUR/USD outlook shows limited upside amid the declining risk momentum and renewed dollar demand. ECB VP Luis de Guindos remains satisfied with current interest rates and signals no urgency for near-term changes. Traders await the US preliminary UoM reports and commentary from President Nagel and FOMC Jefferson for further policy cues. The EUR/USD outlook……
The GBP/USD struggles after softer-than-expected inflation data and growing fiscal concerns. The US dollar holds firm, maintaining a cautious market sentiment amid the persistent US government shutdown. Traders look ahead to comments from FOMC Waller, the API report, and crude oil inventories for further policy and monetary direction. The GBP/USD outlook remains pressured, trading below……
