The GBP/USD weekly forecast remains tilted to the upside amid a weaker dollar. Softer US macro data and aggressive Fed easing could keep the pound bulls alive. BoE’s imminent rate cut could cap the upside. The GBP/USD price closed last week on a firm footing, marking a weekly gain of more than 1% and closing…
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AUD/USD forecast remains subdued amid sour risk sentiment. Fed meeting minutes show no hint of aggressive easing. Australian PMI data shows a surge in economic activity The AUD/USD forecast remains bearish on Thursday as the pair slides to 0.6420 during the European session. The price stays around the weakest level in two months after posting……
The weakening labor market and growing expectations of rate cuts weigh on the AUD. The persistent geopolitical instability, like US-China trade frictions, supports the US dollar. Traders look forward to the Philly Fed Manufacturing Index and FOMC’s Waller comments for further policy direction. The AUD/USD outlook suggests the USD weighs on the AUD amid weaker……
The GBP/USD outlook remains mildly subdued amid concerns over the UK’s fiscal situation, as it awaits the release of US data. The pound sterling slipped lower as the UK government decided to drop the income tax rate hikes. The Empire State Manufacturing Index and commentary from FOMC and MPC officials will reveal further policy cues. ……
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……
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……
Gold eased below $4,000 as traders booked profits following record highs, easing geopolitical tensions. Persistent policy instability and growing inflation concerns reaffirm gold’s safe-haven appeal. Traders closely monitor Fed speeches and the Michigan Consumer Index for further policy and direction cues. The gold outlook shows a pause in the uptrend, correcting below the $4,000 mark……
