GBP/USD Forecast: Weak UK Retail Sales Reinforce BoE Dovish Shift

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 GBP/USD outlook indicates a more dovish outlook for the Fed compared to that of the BoE. The US economy added only 22,000 new jobs in August. Market participants are expecting at least three Fed rate cuts before the year ends. The GBP/USD outlook indicates a bullish momentum as the Fed outlook is more dovish……

Gold price gains on Tuesday amid poor risk sentiment. Fed-Trump standoff creates chaos in the markets, adding more uncertainty. Investors await catalysts like US Core PCE and US GDP data to provide further impetus. Gold price gained on Tuesday during the early New York session as investors evaluated headlines from Washington against upcoming macroeconomic releases…….

The USD/CAD outlook stays positive near 1.3950 amid cautious sentiment.  The dollar stays pressured due to the ongoing US government shutdown and dovish Fed rate cuts.  The Canadian dollar strengthens due to stable oil prices and a balanced BoC Outlook.   The USD/CAD outlook maintains a positive stance as the pair holds near 1.3950, signaling minimal……

The USD/JPY forecast edges lower as the BoJ’s Ueda left hawkish remarks. The BoJ hinted at rate hikes to prevent a resurgence in inflationary pressure. With Fed easing, the central bank divergence continues to favor the USD/JPY bears in the near term. The USD/JPY forecast remains slightly lower on Monday as the pair slipped to……

Gold outlook remains steady near $3,740 as investors await US inflation data. Fed policy outlook remains supportive despite Powell’s caution. Geopolitical risks in Europe and the Middle East underpin demand for safe havens. Gold prices remained little changed on Thursday in the early European session, with spot trading near $3,740. A slightly weaker greenback provided……