The GBP/USD outlook turns bullish despite a mixed UK labor market data. Gradual cooling in the labor market suggests that the central bank could refrain from further easing. Markets now await UK CPI and retail sales data for further cues on the UK economy. GBP/USD is holding a strong bullish bias despite the latest UK……
USD/CAD price analysis remains under selling pressure as oil prices remain stable while the dollar weakens. Canada’s upbeat inflation suggests the BoC will likely pivot to easing sooner. Tariff uncertainty weighs on the dollar despite the Fed’s deferred easing to midyear. USD/CAD is currently defined by a tug-of-war between a structurally weaker US dollar and……
The gold outlook remains strongly bullish, hitting fresh all-time highs near $4,700 at the start of the week. Geopolitical risks stemming from the Greenland situation, along with conflicts in the Middle East and Russia, keep gold demand underpinned. All eyes are now on US PCE and GDP data to find fresh trading opportunities this week…….
The AUD/USD forecast remains neutral to bullish as safe-haven flows limit the gains while a weaker dollar supports the pair. Upbeat data from China and Australia strengthen the case for RBA hikes. Coming up, labor market data from Australia remains a key driver for the markets. The Australian dollar struggles to find a footing around……
The EUR/USD weekly forecast tilts to the downside under 1.1600 amid a softer ECB guidance and fading Fed rate-cut expectations. Upbeat US data continues to keep the dollar strong, with eyes on next week’s GDP and inflation data. Technically, the pair stays bearish, with room to test the 200-MA at around 1.1400. EUR/USD ended the……
The GBP/USD weekly forecast edges down, as the pair closed the week below 1.3400 amid upbeat US data and risk-off sentiment. Markets await key data from both sides to gauge a fresh directional move. Technically, the price is leaning to the downside, eyeing 1.3200 if downside pressure sustains. GBP/USD closed last week on the defensive……
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……
