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……
The gold forecast remains tilted to the downside, aiming to test $4,400 as the dollar recovers ahead of the US NFP. The upbeat US ISM Services PMI weighed on gold, igniting a sell-off. The gold’s downside is limited by the easing Fed and China’s continued buying of physical gold. Gold price remains softer, trading under……
EUR/USD price remains bearish below 1.1700 as the dollar recovers after upbeat data. Disappointed German retail sales data weighs on the euro. Markets await Friday’s NFP data for a decisive directional bias. The EUR/USD price stays under pressure, extending its decline for a third consecutive session as the US dollar finds support from upbeat data…….
The USD/JPY forecast tilts to the downside as BoJ-Fed divergence favors yen. Risk-off sentiment strengthens yen but limits gains amid dollar’s own haven appeal. Today’s US ADP jobs report is crucial to watch, along with the US ISM PMI and JOLTS data. The USD/JPY remains under mild pressure as the Japanese yen continues to find……
The gold outlook remains constructive despite profit-taking at the $4,500 level. Geopolitical risks and a weaker dollar continue to favor the bullion. Market participants now eye the US ADP report with more focus on Friday’s NFP. After a robust two-day rally, gold prices have paused near the $4,500 mark. Buyers are exhibiting some reluctance as……
The USD/CAD forecast remains defensive as the dollar loses momentum amid improved sentiment. Dismal US PMI and accommodative Fed keep the greenback softer. Declining energy prices cap the gains in CAD, especially after the situation in Venezuela. During Tuesday’s London session, the USD/CAD price is on the defensive, continuing a slight decline from the 1.3815……
The AUD/USD outlook stays mildly bullish as the dollar loses traction after improved risk sentiment. AFR survey reveals the odds of the RBA tightening, while the US Fed is expected to ease further. Technically, the price lacks follow-through momentum amid overbought conditions. After recording two straight sessions of gains, the Australian dollar continues its comeback……
