The GBP/USD forecast remains bearish below 1.3350 as dismal UK CPI weighs on the pound. Rising unemployment and downward-trending UK CPI cement the odds of a BoE rate cut on Thursday. The weakening dollar keeps pound losses limited, with eyes on the US CPI data ahead. The British pound plummeted against the US Dollar on……
Gold price remains supported above $4,300 level, looking to close the year with more than 60% annual gains. The mixed US NFP data weighed on the dollar, supporting gold. Central bank demand and a dovish Fed pose a long-term bullish narrative for gold. The gold price maintains a positive momentum above the $4,300 level, near……
The GBP/USD forecast edges higher as UK employment data relieves pressure. The BoE’s potential rate cut expectations limit the upside pressure. UK PMI and US NFP data are key to watch for fresh impetus. GBP/USD traded modestly up as fresh UK labor data showed easing strain in the jobs market. The ILO unemployment rate rose……
The EUR/USD outlook remains positive above 1.1700 amid softer dollar. The markets await key US NFP data as any surprise could shake the markets either way. ECB’s hold and dovish Fed continue to support the EUR/USD in the near term. The euro trades near recent highs against the US dollar as markets wait for key……
Gold price posts solid gains on Monday as dollar remains broadly softer after dovish Fed. Markets anticipate further easing that could lower the yields and benefit the gold. Investors are now eying delayed US NFP and CPI data, along with major central bank decisions to reposition. Gold prices started the week on a firm footing,……
The AUD/USD forecast appears neutral after the dismal Chinese data. Australian employment data revealing weakness puts RBA in doubts about keeping tighter monetary policy. The markets await US NFP data due on Tuesday for further impetus. The AUD/USD price opened the week slightly lower, trading near mid-0.6600 in Asian hours on Monday as weak Chinese……
The USD/CAD weekly forecast remains bearish amid a weaker dollar after rate cuts. Steady oil prices continue to support the Canadian dollar, putting pressure on the USD/CAD. Next week’s inflation and jobs data are crucial for traders to watch, as any surprise could significantly impact the pair. The USD/CAD closed the last week slightly lower,……
The GBP/USD weekly forecast remains elevated despite a pullback from the weekly highs above 1.3400. Fed rate cut, dismal jobless claims, and dovish tone lent fair support to the pound. Next week’s BoE rate decision and US CPI and NFP remain the key events to watch. The GBP/USD price traded in a positive zone, briefly……
Gold outlook remains strong after rallying to multi-week highs. The Fed’s dovish turn weighs on the yields, supporting the bullion. Geopolitical uncertainty and broader demand for gold keep the downside limited. Gold price trades with a solid footing on Friday’s European session, hovering near the highest level since late October. The mild pullback occurred in……
The EUR/USD forecast remains bullish, with a recent pullback triggered due to profit-taking. The Fed’s dovish path limits the euro’s losses, supporting a dip-buying trend in the EUR/USD. FedSpeak and next week’s US NFP could provide more clarity to the markets. The EUR/USD marked a 10-week high near 1.1750 on Thursday before retreating mildly in……
