The GBP/USD weekly forecast edges lower as the US dollar gains on upbeat economic data. US services PMI and employment data revealed sufficient resilience to lift the dollar. The coming week’s US CPI, PPI, and UK GDP are the events to watch. GBP/USD fell last week as a string of better-than-expected US economic data indicated…
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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. ……
GBP/USD weekly forecast remains bullish amid broad dollar weakness. Weaker US data and easing US-China trade tensions support the pound. All eyes are on the BoE and FOMC meetings due next week. The GBP/USD weekly forecast remains strongly bullish as the pair hits its third consecutive week in gains. The price marked a 39-month top……
The EUR/USD outlook remains supported as Eurozone PMI data showed contraction in manufacturing but resilience in services. Fed officials remain divided on further cuts, keeping dollar strength in play. Market focus turns to U.S. GDP and PCE inflation for direction in EUR/USD. The EUR/USD outlook remains steady near the 1.1800 handle on Tuesday after bouncing……
The gold forecast remains slightly directionless as a stronger dollar balances the gold’s strong uptrend. Geopolitics, combined with an easing Fed, could keep gold prices supported in the medium term. Upbeat US NFP data could dampen gold’s hotter outlook. As we head into Friday’s European session, gold prices are holding steady but cautious. XAU/USD has……
The EUR/USD outlook indicates caution in the market ahead of pivotal US employment figures. Market participants are pricing a 97% chance of the Fed lowering borrowing costs this month. Fed officials are becoming more dovish while ECB policymakers are calling for steady rates. The EUR/USD outlook indicates caution in the market ahead of pivotal US……
The USD/CAD forecast indicates a slight recovery of the dollar against the Canadian dollar. Market participants are eagerly awaiting the US monthly employment figures. Data revealed that Canada’s economy unexpectedly contracted. The USD/CAD forecast indicates that the dollar is expected to recover slightly against the Canadian dollar ahead of crucial employment figures from the US……
