The GBP/USD price analysis suggests a bullish pound amid the data divergence between the US and the UK economies. Higher UK inflation could restrain the BoE from hikes at the Feb meeting, while the Fed’s two rate cuts are already priced in by the markets. Traders are focusing on the FOMC meeting, with attention on……
The AUD/USD forecast edges higher as the US dollar remains soft ahead of the Fed meeting. Higher Australian yields and potentially elevated inflation could push the RBA to hike at the Feb meeting. Fed uncertainty and global risk sentiment favor the Aussie over the USD in the near term. AUD/USD is holding under a 16-month……
The GBP/USD weekly forecast turns strongly bullish as the dollar loses traction amid geopolitics. The upbeat UK CPI, retail sales, and PMI data provided adequate support to the pair. Markets await the FOMC rate decision and press conference next week. GBPUSD ended last week with sterling fundamentals improving, but price action still leaned heavily on……
The EUR/USD weekly forecast edges higher amid geopolitical risk and Fed worries, as the US dollar weakened. Easing US-EU trade war concerns outweighed the upbeat US Q3 GDP and unemployment claims data. Coming week, the markets await the FOMC rate decision with major focus on the press conference. The EURUSD price was driven far more……
The USD/CAD forecast remains strongly bearish under 1.3800 as the geopolitical risks ease. Upbeat US GDP data failed to sustain buying pressure for the US dollar. Stable oil prices and receding oversupply concerns continue to support the loonie. USD/CAD has stabilized around 1.3790 after snapping a four-day losing streak, as the US dollar finds a……
The GBP/USD price analysis points to a bullish scenario, as UK retail sales surprise markets with an upbeat number. The US dollar could not gain traction despite better Q3 GDP and sustained Core PCE figures. The markets now await UK PMI data in the next two hours, followed by US PMIs in the New York……
EUR/USD price analysis remains range-bound despite eased US-EU tensions over Greenland. The Fed’s patience and the ECB’s growth concerns continue to weigh on the euro. Markets await US initial jobless claims, Core PCE, and GDP data for directional bias. EUR/USD traded around 1.1685 on Thursday after bouncing 0.3% on Wednesday. However, the pair remains stuck……
The AUD/USD outlook remains firm, reaching the 15-month top after the upbeat Australian jobs report. Recent data could push the RBA toward hikes, provided inflation remains elevated in next week’s data release. US Core PCE and Q3 GDP remain today’s major releases to find further directional bias. The Australian dollar hit a 15-month high at……
The GBP/USD price analysis remains firm after UK CPI reports a mild rebound to 3.4% against the expected 3.3%. Sticky inflation fades the odds of the BoE easing soon as the figures lie well above the 2% target. Markets await UK retail sales, PMIs, and US inflation and GDP data this week. GBP/USD is trading……
Gold forecast edges higher, aiming for $5,000 as the geopolitics, central bank buying, and de-dollarization keep the demand elevated. US-Europe conflict over Greenland escalates, resulting in a weaker dollar. US Core PCE and Q3 GDP data due this week could further set the direction for gold. A strong combination of geopolitical tensions, de-dollarization, and steady……
