The GBP/USD outlook shows the dollar near a five-week low amid bets on a Fed rate cut. The preliminary GDP reading revealed that the US economy expanded by 3.3%. The pound remains vulnerable amid fiscal worries in the UK. The GBP/USD outlook shows the dollar near a 5-week low as traders price a 90% chance…
The post GBP/USD Outlook: Dollar Fragile Amid Imminent Fed Cut appeared first on Forex Crunch.
The AUD/USD price analysis shows a rebound in Australia’s economy. Australia’s economy grew by 0.6% in Q2, compared to the forecast of 0.5%. Economists believe US job growth will remain weak at 75,000. The AUD/USD price analysis shows a rebound in Australia’s economy that has eased expectations for RBA rate cuts. Meanwhile, the focus remains……
The USD/JPY outlook is pointing north as the dollar remains strong following upbeat retail sales data. US unemployment claims were well below the forecasts. The yen was fragile as markets awaited an election in Japan. The USD/JPY outlook points north as the dollar remains strong after upbeat retail sales data from the previous session. 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……
The USD/JPY price analysis indicates resilience in the yen. Japan’s Ishiba said he would remain the Prime Minister despite losing the majority of seats in the Upper House. Trump has threatened a 25% tariff on Japan starting August 1. The USD/JPY price analysis indicates resilience in the yen after Prime Minister Shigeru Ishiba announced he……
The GBP/USD forecast remains subdued as UK PMI data signals slowing growth. Fiscal deterioration and rising gilt yields weigh heavily on Sterling sentiment. The Fed’s hawkish tilt offsets the recent rate cut, supporting the dollar against the GBP. The British pound came under renewed selling pressure on Tuesday after the UK PMI for September came……
The gold forecast reveals a neutral to bearish bias, as the dollar holds firm following the release of the FOMC minutes. A modest increase in risk appetite caps the market. Market participants await the long-overdue US NP data as a key signal to the Fed. Gold forecast remains subdued in Thursday’s European session after failing……
