The GBP/USD weekly forecast remains under pressure amid dismal UK economic data. The US dollar remains firm amid receding Fed rate cut expectations. All eyes on the UK Autumn budget and US inflation data that could shape the market expectations. The GBP/USD weekly forecast reveals sustained pressure as the soft UK data, like a 1.1%…
The post GBP/USD Weekly Forecast: Pound Pressured Ahead of UK Budget appeared first on Forex Crunch.
The GBP/USD outlook indicates growing concerns about the UK economy. The UK services PMI eased from 52.8 to 51.2. The pound rallied after Trump announced a trade deal with Japan. The GBP/USD outlook indicates growing concerns about the UK economy following PMI data, which has put a lid on the pound’s gains. Business activity in……
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……
Gold forecast broke above $3,800 amid US shutdown risks and a weaker dollar. Fed rate cut bets remain firm, with markets pricing in easing in October and December. Haven demand, ETF inflows, and central bank buying maintain an upside bias. Gold prices marked fresh record highs above $3,800 at the start of the week, supported……
The EUR/USD outlook is positive amid a hawkish ECB and a weaker dollar. Tariff concerns and downbeat US CPI continue to weigh on the dollar. Trade talks and US PPI remain the limelight events for now. The EUR/USD outlook stays strongly bullish as the pair breaks multi-month highs, nearing 1.1600 during the European session. The……
The EUR/USD price attempted a recovery above 1.1600 amid a weakening US dollar. Prolonged geopolitical instability could accelerate the dollar and weigh on the euro. Traders look forward to comments from FOMC members for insight about the policy cues and economic outlook. The EUR/USD forecast highlights an effort to find acceptance above 1.1600 amid expectations……
EUR/USD forecast remains restrained around 1.1660, with political chaos in France and the US government pressuring market sentiment. The downside risk is restricted by expectations of Fed rate cuts, and the euro finds backing from the ECB’s stable stance. Traders are focused on potential technical levels and economic data, which could influence EUR/USD’s upcoming move. ……
