Gold price recovers from 3-week lows amid safe-haven demand. The US’s pressure on Russia to resolve the Ukraine conflicts keeps the risk elevated. The EU-US trade deal gives a boost to the US dollar, keeping gold’s upside capped. The gold price bounced off the 3-week lows near $3,300 on Tuesday, during the European session. The…
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USD/JPY outlook remains weak as the dollar tumbles after weaker ADP data. The increasing odds of BoJ rate hikes provide moderate support to the yen. Rising JGB yields and FX intervention warnings weigh on the USD/JPY. The USD/JPY price is attempting to stabilize on Thursday after a sharp fall in the previous session. The pair……
The USD/CAD weekly forecast points to increasing economic concerns in Canada. Canada was one of the unlucky countries to fail to sign a trade deal with the US. Data revealed weak US job growth in July. The USD/CAD weekly forecast points to increasing economic concerns in Canada after Trump imposed higher tariffs. Ups and downs……
Gold witnessed a significant pullback as the dollar strengthened amid the global developments. In the long run, gold maintains its uptrend amid persistent geopolitical uncertainty and central bank purchases. Traders await the key US CPI releases for further policy cues. The gold forecast remains mildly subdued after witnessing a sharp retreat, trading around the $4,060……
The EUR/USD outlook reflects market caution amid a divided Fed and stable ECB. The broader market sentiment remains neutral while markets price in a 71% chance of a December Fed cut. Traders look forward to the EUR CPI flash estimate Y/Y and the EUR prelim CPI M/M for further policy cues. The EUR/USD outlook indicates……
China trade tensions, the Middle East, and US fiscal uncertainty have pushed gold towards $4,050. The Federal Reserve’s two more rate cuts and limited US economic releases further enhanced the safe-haven demand. The markets will likely be low-volume today, but traders will closely monitor FOMC Paulson’s speech for further direction. The gold forecast remains bullish,……
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……
