GBP/USD Price Analysis: US Jobs Data Dims Rate Cut Hopes

my GBP/USD forecast

The GBP/USD price analysis shows a rebound in the dollar. US data revealed another week of declining unemployment claims. Data revealed a mixed performance for US business activity. The GBP/USD price analysis shows a rebound in the dollar as employment figures further lowered expectations for Fed rate cuts. At the same time, market focus turned…

The post GBP/USD Price Analysis: US Jobs Data Dims Rate Cut Hopes appeared first on Forex Crunch.

Similar Posts

eur/usd-outlook:-soaring-to-1.16-after-ceasefire,-eyes-on-powell

EUR/USD Outlook: Soaring to 1.16 After Ceasefire, Eyes on Powell

The EUR/USD outlook turns bullish as the sentiment shifts after ceasefire. Falling crude oil prices may provide more support to the EU economy. Markets now await Fed Chair’s testimony before Congress for further policy clues. The EUR/USD pair staged an impressive comeback, gaining 1.3% from Monday lows to trade near 1.1600 level on Tuesday. The……

usd/cad-price-analysis:-dollar-nears-monthly-loss

USD/CAD Price Analysis: Dollar Nears Monthly Loss

The USD/CAD price analysis shows a steep rally in the Canadian dollar. Next week’s nonfarm payrolls report will keep shaping the outlook for Fed rate cuts. Data on Friday revealed that Canada’s economy contracted by 0.1%. The USD/CAD price analysis shows a steady Canadian dollar as the greenback heads for a monthly loss due to……

aud/usd-price-analysis:-rba-yo-extend-easing-cycle

AUD/USD Price Analysis: RBA yo Extend Easing Cycle

The AUD/USD price analysis points to further RBA rate cuts as inflation and growth in Australia slow. Market participants are pricing a 34% chance of an RBA cut in September. Traders remain cautious ahead of the US CPI report. The AUD/USD price analysis points to further RBA rate cuts as inflation and growth in Australia……

gbp/usd-weekly-forecast:-under-strain-amid-uk-fiscal-concerns,-cautious-fed

GBP/USD Weekly Forecast: Under Strain Amid UK Fiscal Concerns, Cautious Fed

The GBP/USD forecast reveals weakness amid the UK fiscal uncertainty. The US dollar edged up as Chair Powell came up with a cautious tone for a December cut. Traders await the BoE interest rate decision and US NFP data next week. The GBP/USD weekly forecast reflects a persistent bearish bias, closing the week at 1.3140…….

gbp/usd-forecast:-holds-near-1.35-amid-weak-us-adp-data-and-shutdown

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

GBP/USD forecast turns up, testing 1.3500 as weak US labor data and the government shutdown pressure the dollar. The BoE is cautious on policy, with Deputy Governor Breeden warning that inflation risks could fall below the target. Fed cuts priced in, but Treasuries’ safe-haven appeal may limit sustained dollar downside. The GBP/USD forecast tilts higher……

eur/usd-outlook:-euro-finds-support-on-renewed-us-eu-trade

EUR/USD Outlook: Euro Finds Support on Renewed US-EU Trade

The EUR/USD outlook points to improved sentiment in the Eurozone. Trump announced that he would impose a 30% tariff on Eurozone goods. Traders are keeping an eye on the US CPI report. The EUR/USD outlook points to improved sentiment in the Eurozone after Trump said he was willing to negotiate a trade deal. As a……