Gold Price Resilient Amid Weaker Dollar, Eyes on US PCE Report

The USD/JPY weekly forecast points to cautious tones from Powell and Ueda. The yen gained after Prime Minister Ishiba said he would stay on. A surprise trade deal between Japan and the US boosted the yen. The USD/JPY weekly forecast points to cautious tones during next week’s Fed and Bank of Japan policy meetings. Ups……

The GBP/USD outlook remains subdued as a firmer dollar weighs on the pound.    Dovish BoE amid worse economic data continues to weaken the sterling. Traders await the commentary from FOMC’s Bowman and MPC’s Breeden for further policy cues.  The GBP/USD outlook reflects a downside bias, marking its six-month lows under 1.3100 on Tuesday. The move……

The GBP/USD forecast shows the pound steady amid improved sentiment and a less dovish Fed.  Chair Powell reduced interest rates by 25 bps on Wednesday but provided no clarity on another cut in December.  Traders look forward to FOMC members Bowman and Logan’s speeches for further Fed policy direction.  The GBP/USD forecast reflects a downward……

The USD/JPY outlook is pointing north as the dollar remains strong following upbeat retail sales data. US unemployment claims were well below the forecasts.  The yen was fragile as markets awaited an election in Japan. The USD/JPY outlook points north as the dollar remains strong after upbeat retail sales data from the previous session. Meanwhile,……

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……

The EUR/USD outlook reflects range-bound momentum, backed by a resilient euro but limited by USD strength. The ECB navigates a divided stance among policymakers about the timing of easing, as sticky inflation limits the chances of early rate cuts. Traders look ahead to the US manufacturing PMI and manufacturing prices for directional bias.  The EUR/USD……