AUD/USD outlook gains after Fed Chair Jerome Powell’s dovish Jackson Hole remarks boosted rate cut bets for September. RBA remains cautious despite strong labor market data, with investors awaiting minutes and CPI for further policy clues. US Core PCE inflation later this week is the key risk event that could cap upside momentum in AUD/USD…….
The EUR/USD weekly forecast has turned bullish after the Fed Chair left dovish remarks regarding rate cuts. Positive Eurozone PMIs limited the downside for the Euro. Markets eye macro releases from both the Eurozone and the US next week. The euro ended the week with a flurry of buying, with EUR/USD breaking through the 1.1700……
Gold weekly forecast turns bullish as Fed Chair hinted at a rate cut in September. Easing tensions in Ukraine could cap the gains in gold. Traders eye the US Core PCE and US GDP q/q data due next week for more impetus. Gold ended the previous week on an optimistic note, rising above the $3,370……
The EUR/USD outlook remains subdued under 1.1600 on Friday. Fading bets on Fed’s aggressive easing continue to support dollar. Market participants await Powell’s speech at the Jackson Hole Symposium. The EUR/USD outlook remains subdued as the price is headed downwards today during the European session, trading under the key level of 1.1600. The pair is……
The GBP/USD price tested 2-week lows under 1.3400 after the Fed meeting minutes. The UK economic data shows resilience, but the inflation concerns remain worrying. All eyes are now on Powell’s speech at the Jackson Hole Symposium GBP/USD price dipped to a two-week low under 1.3400 on Friday as the Greenback gained strength after the……
AUD/USD forecast remains subdued amid sour risk sentiment. Fed meeting minutes show no hint of aggressive easing. Australian PMI data shows a surge in economic activity The AUD/USD forecast remains bearish on Thursday as the pair slides to 0.6420 during the European session. The price stays around the weakest level in two months after posting……
Gold price stays subdued with limited downside. Fed policy signals weighed on the gold as bets for aggressive easing faded. Markets now eye the Fed Chair speech and the Jackson Hole Symposium. Gold price stays under pressure in the early European session on Thursday with limited downside, as investors weigh Fed policy signals against persistent……
The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise. Inflation in Canada eased to 1.7% in July from the previous reading of 1.9%. Oil has dropped amid progress in peace talks with Russia and Ukraine. The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise after……
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 GBP/USD price analysis shows the pound steady after a recent collapse. The US has promised to guarantee Ukraine’s safety in case of a peace deal. Traders are pricing in over an 80% chance of a Fed rate cut in September. The GBP/USD price analysis shows the pound steady after a recent collapse due to……
