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 AUD/USD outlook stays steady as a less dovish Fed balances positive risk sentiment. The US dollar declined further due to the Fed’s uncertain policy stance ahead of the December Fed meeting. Traders look ahead to commentary from FOMC members Bowman and Logan for further Fed policy outlook. The AUD/USD outlook shows the pair witnessed……
The EUR/USD remained under pressure as markets awaited the Fed rate cut decision. The greenback’s renewed strength and weak Eurozone economic data weigh on the pair. Traders look forward to commentary from FOMC members for further policy cues. The EUR/USD outlook shows a bearish momentum as the pair trades near 1.1635 ahead of the US……
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……
Gold forecast tumbles as risk sentiment improves globally, while investors book profit. Gold finds no respite despite Fed’s imminent rate cut this week. Traders look forward to the US HPI Y/Y and US Consumer Confidence for more impetus today. The gold forecast shows a strong bearish trend as the asset traded was just above $3,900……
The GBP/USD forecast recovered briefly as the dollar weakened. The latest UK retail sales and flash S&P Global PMI boosted the pound, reducing the probability of a rate cut by the BoE. Traders look ahead to the US HPI Y/Y and Consumer Confidence for further impetus. The GBP/USD price halted its six-day losing streak, trading……
The euro maintains a steady position as the greenback weighed down ahead of dovish Fed cut bets. The softer-than-expected US inflation data reignites hopes for a Fed rate cut this week. Markets face a delay in key economic releases amid the ongoing US government shutdown. The EUR/USD outlook holds steady at around the 1.600 level,……
The progressing US-China trade talks subdued gold’s safe-haven appeal. The 3% inflation YoY reinforces hopes for two Fed cuts by 2025. Due to the ongoing Federal government shutdown, the markets face a delay in key data releases. The gold outlook shows a steep decline, the first in the last five years, as the pair traded……
Gold weekly forecast turns slightly bearish after sharp profit-taking. A stronger dollar kept the gold under pressure, with a medium-term uptrend. Traders look ahead to initial jobless claims, Chicago PMI, remarks from FOMC members, and the Fed’s rate cut decisions for further policy cues. The gold weekly forecast witnessed volatility this week as investors took……
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……
