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……
The EUR/USD weekly forecast remains tilted to the downside, as US data shows resilience and fading odds of a January rate cut by the Fed. Markets ignored the improved Eurozone data, maintaining the selling pressure. Technically, the EUR/USD price needs to overcome the 1.1680 hurdle to relieve the selling pressure. The EUR/USD pair struggled throughout……
The GBP/USD weekly forecast edges lower as the US dollar gains on upbeat economic data. US services PMI and employment data revealed sufficient resilience to lift the dollar. The coming week’s US CPI, PPI, and UK GDP are the events to watch. GBP/USD fell last week as a string of better-than-expected US economic data indicated……
The gold forecast remains slightly directionless as a stronger dollar balances the gold’s strong uptrend. Geopolitics, combined with an easing Fed, could keep gold prices supported in the medium term. Upbeat US NFP data could dampen gold’s hotter outlook. As we head into Friday’s European session, gold prices are holding steady but cautious. XAU/USD has……
AUD/USD outlook remains deteriorated as China’s data disappoints, along with the declining Australian trade surplus. Friday’s US NFP data is expected to reveal positive figures, keeping the dollar buoyed. Technically, the price remains prone to more losses under the 20-period MA The AUD/USD price remains under pressure near the 0.6690 level, struggling to regain its……
