The EUR/USD outlook remains soft as the dollar surges after a surprise decline in jobless claims. Concerns about the Eurozone’s growth and falling German yields keep the bias bearish on EUR/USD. Technically, a price below 1.1635 poses a risk of testing the 1.1550 level. EUR/USD is trading with a mild downside bias as the dollar……
The USD/JPY price analysis remains choppy despite a risk-off move in equities. Reduced odds of early Fed rate cuts amid upbeat US data keep the greenback supported. Japan’s political concerns weigh on the yen, but FX intervention warnings limit the downside. The USD/JPY price is holding in a tight 158.40–158.60 range, shrugging off a modest……
The USD/CAD price analysis remains firm above 1.3900, supported by a stronger US dollar and a softer Canadian backdrop. US PPI and retail sales data maintain an upside bias for the greenback. US unemployment claims and FedSpeak could provide fresh impetus to the markets. USD/CAD is trading firmly around 1.3900 in the early European session,……
The GBP/USD outlook remains flat near the lower end of the range despite an upbeat UK GDP data. Wednesday’s strong US data, including PPI and retail sales, are keeping the greenback supported. Technically, the GBP/USD price remains neutral within a broad uptrend. The UK economy surprised to the upside in November, but the data failed……
Gold forecast tilts to the upside as US inflation data shows core CPI cooling. The dollar remains under pressure amid concerns about the Fed’s independence. Central bank buying remains a major factor, limiting the downside for gold. Gold (XAU/USD) has surged to fresh record highs as markets lean harder into the view that the Federal……
The GBP/USD price analysis remains mildly subdued following the US dollar’s gain in traction after the CPI data release. The US PPI and retail sales data due on the day could impact the direction of GBP/USD. A patient and dovish BoE could keep the outlook for the pound from struggling. The GBP/USD pair is trading……
The US Dollar Index outlook remains range-bound after a decline triggered by concerns about Fed independence. Markets await the release of US CPI data, which could influence the Fed’s monetary policy expectations. Technically, the index consolidates, but the overall trend remains constructive in the short term. The US Dollar Index is moving in a tight……
The AUD/USD forecast remains flat as the markets await key US inflation data. Aussie remains cautious as consumer confidence falls to 3-month lows. Australia’s quarterly inflation report is crucial for gauging the RBA’s next move. The Australian dollar weakened against the US dollar on Tuesday as domestic data reinforced a cautious outlook for the Australian……
Gold price analysis shows strong bullish momentum as geopolitics and a subdued dollar support the uptrend. Markets are eager to watch the US inflation reports for further impetus. Technically, the $4,600 level remains the key resistance for the buyers. Gold remains in high demand, trading just below the $4,600 mark, close to the new record……
The USD/JPY outlook remains modestly bullish, as poor risk sentiment benefits the dollar more than the yen. Japan’s PM could call for an early election, keeping the yen under pressure. Speculations about the Fed’s independence could limit the dollar’s rally in the short term. The USD/JPY pair trades near a one-year high as the Japanese……
