GBP/USD Forecast: Holds Near 1.35 Amid Weak US ADP Data and Shutdown

Gold forecast edged higher as the dollar lost traction amid rising bets on Fed easing in December. US PPI and Consumer Confidence data showed softness, adding more to the gold bulls. Markets await key US data and Fed commentary to find more clues about gold’s directional bias. The gold forecast has turned higher as the……

The EUR/USD price analysis shows the euro recovering from some of its losses. The euro gained as traders awaited the outcome of a meeting between Trump and Putin. The US PPI increased by 0.9%, beating estimates of 0.2%. The EUR/USD price analysis shows the euro recovering from some of its losses as traders watch peace……

The EUR/USD weekly forecast shows a rebound in the dollar. The greenback fell in anticipation of a rate cut by the Fed. Powell noted that employment risks had increased. The EUR/USD weekly forecast shows weakness as the US dollar recovers ground after the Fed’s rate cut, as the impact has already been priced. Ups and……

The GBP/USD outlook indicates growing concerns about the UK economy. The UK services PMI eased from 52.8 to 51.2. The pound rallied after Trump announced a trade deal with Japan. The GBP/USD outlook indicates growing concerns about the UK economy following PMI data, which has put a lid on the pound’s gains. Business activity in……

Gold price stays subdued with limited downside. Fed policy signals weighed on the gold as bets for aggressive easing faded. Markets now eye the Fed Chair speech and the Jackson Hole Symposium. Gold price stays under pressure in the early European session on Thursday with limited downside, as investors weigh Fed policy signals against persistent……

The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases.  Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week.  The GBP/USD weekly forecast remains subdued as the pair consolidates near……