The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week. The GBP/USD weekly forecast remains subdued as the pair consolidates near…
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The USD/CAD outlook indicates a sudden shift in sentiment. The US economy added only 73,000 jobs in July. Trump imposed a 35% tariff on Canada after the two countries failed to reach a trade deal. The USD/CAD outlook indicates a sudden shift in sentiment after the US released a poor monthly employment report. Nevertheless, fundamentals……
The GBP/USD price analysis leans to the upside, driven by upbeat UK Q2 GDP and the US government shutdown. Softer JOLTS data weakened the dollar, revealing a cooling labor market. All eyes are now on the US ADP and ISM PMI data due today. The GBP/USD price analysis shows a mildly bullish scenario as the……
The EUR/USD weekly forecast remains bearish around 1.1500 amid mixed Eurozone data. US dollar remains resilient despite mixed labor market data, keeping EUR/USD under pressure. Markets await key macro releases from both sides to gauge market momentum. The EUR/USD weekly forecast reflects a modest downtrend as the price closed around 1.1500 handle. The pair struggled……
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……
The GBP/USD price analysis shows the pound steady after a recent collapse. The US has promised to guarantee Ukraine’s safety in case of a peace deal. Traders are pricing in over an 80% chance of a Fed rate cut in September. The GBP/USD price analysis shows the pound steady after a recent collapse due to……
The GBP/USD forecast shows a continuing decline after Friday’s poor UK GDP data. Trump announced a 30% tariff on the Eurozone and Mexico. This week, the US CPI report will shape the outlook for rate cuts. The GBP/USD forecast shows a continuing decline after the UK released downbeat GDP data in the previous session. At……
