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

The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise. Inflation in Canada eased to 1.7% in July from the previous reading of 1.9%.  Oil has dropped amid progress in peace talks with Russia and Ukraine. The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise after……

The USD/JPY outlook shows fluctuations in the yen after the Bank of Japan policy meeting.  The Bank of Japan was more upbeat about the outlook for Japan’s economy than expected. US data revealed strong private employment and GDP growth.  The USD/JPY outlook turns slightly bearish after the Bank of Japan policy meeting that revealed a……

The USD/JPY forecast shows a rebound as the dollar gains on trade optimism. The US economy lost 33,000 private jobs in June. Economists expect 120,000 new US jobs, a slowdown from the previous month. The USD/JPY forecast shows a rebound as the dollar gains on trade optimism. However, downbeat employment figures in the previous session……

The AUD/USD outlook remains constructive as the US dollar weakens ahead of the Fed rate cut. Hawkish RBA and China’s trade surplus keep Aussies supported. Technical correction could be seen before the bullish continuation. The AUD/USD price starts the fresh week with a tight bullish consolidation, holding near Friday’s highs around mid-0.6600. The traders are……

The AUD/USD outlook reflects a mild bullish bias amid a subdued Aussie and a firm US dollar. Deputy Governor Hauser noted the challenges and suggested tighter conditions to control inflation.  Traders anticipate RBA Jones’ speech and FOMC officials’ speeches tomorrow for further impetus.  The AUD/USD outlook reflects a mild bullish momentum, trading around 0.6520 after……

The GBP/USD forecast remains positive above 1.3500 after the Fed’s dovish tone. The BOE-Fed divergence points at stronger gains towards fresh yearly highs. Markets are in a lull before key macro releases like US GDP, Core PCE, and Durable Goods Orders. The British pound pared its losses sharply on Friday after Fed Chair Powell struck……