Gold Forecast: Grinding Higher Amid Increased Fed Cut Bets, Shutdown Deal

The EUR/USD weekly forecast is slightly subdued amid risk aversion. A hawkish Fed and Middle East conflict continue to weigh on risk assets. Tariff concerns are mounting as the July 9 deadline looms large. The EUR/USD weekly forecast remains mildly subdued as the week closed with a slight negative change. The US dollar maintained its……

The AUD/USD weekly forecast indicates bearish momentum despite the resilient Australian dollar.  Australia’s unemployment data fell to 4.3% in October, with an addition of 42.2k jobs. Traders anticipate the FOMC and RBA meeting minutes along with speeches by Fed officials next week.  The AUD/USD weekly forecast reflects a broader selling pressure, as the pair closed……

The AUD/USD gained ground as the Australian CPI revealed stronger-than-expected data. The US dollar remains weak ahead of a potential 25-bps cut in today’s FOMC meeting. Traders look ahead to commentary from US FOMC members and the Federal funds rate for further policy cues.   The AUD/USD forecast remains bullish, hitting a 3-week top after the……

The GBP/USD price analysis suggests a longer delay in Bank of England rate cuts. Inflation in the UK accelerated from 3.6% to 3.8%. Traders are awaiting the FOMC minutes. The GBP/USD price analysis suggests a longer delay in Bank of England rate cuts as UK inflation remains high. As a result, the pound recovered from……

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……

GBP/USD outlook stays positive as dollar weakens after soft data. UK budget uncertainty continues to cap the pound gains. Increased bets on Fed easing in December and the new Fed Chair appointment weaken the US dollar further. The GBP/USD outlook remains positive as the price extends its recovery beyond the 1.3200 mark amid shifting macroeconomic……