Gold forecast tumbles as risk sentiment improves globally, while investors book profit. Gold finds no respite despite Fed’s imminent rate cut this week. Traders look forward to the US HPI Y/Y and US Consumer Confidence for more impetus today. The gold forecast shows a strong bearish trend as the asset traded was just above $3,900……
The GBP/USD forecast recovered briefly as the dollar weakened. The latest UK retail sales and flash S&P Global PMI boosted the pound, reducing the probability of a rate cut by the BoE. Traders look ahead to the US HPI Y/Y and Consumer Confidence for further impetus. The GBP/USD price halted its six-day losing streak, trading……
The euro maintains a steady position as the greenback weighed down ahead of dovish Fed cut bets. The softer-than-expected US inflation data reignites hopes for a Fed rate cut this week. Markets face a delay in key economic releases amid the ongoing US government shutdown. The EUR/USD outlook holds steady at around the 1.600 level,……
The progressing US-China trade talks subdued gold’s safe-haven appeal. The 3% inflation YoY reinforces hopes for two Fed cuts by 2025. Due to the ongoing Federal government shutdown, the markets face a delay in key data releases. The gold outlook shows a steep decline, the first in the last five years, as the pair traded……
Gold weekly forecast turns slightly bearish after sharp profit-taking. A stronger dollar kept the gold under pressure, with a medium-term uptrend. Traders look ahead to initial jobless claims, Chicago PMI, remarks from FOMC members, and the Fed’s rate cut decisions for further policy cues. The gold weekly forecast witnessed volatility this week as investors took……
The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week. The GBP/USD weekly forecast remains subdued as the pair consolidates near……
The pound sterling holds a bearish bias as the dollar benefits from its renewed safe-haven demand. Analysts suspect the Pound could revive its bullish momentum if the US CPI data turns out softer. Traders look forward to the US CPI and comments from President Trump for further policy cues. The GBP/USD outlook shows the pair……
Gold witnessed a significant pullback as the dollar strengthened amid the global developments. In the long run, gold maintains its uptrend amid persistent geopolitical uncertainty and central bank purchases. Traders await the key US CPI releases for further policy cues. The gold forecast remains mildly subdued after witnessing a sharp retreat, trading around the $4,060……
The pound sterling remains weak amid expectations of a rate cut by the BoE. The dollar maintains stability and its safe-haven appeal amid sticky inflation. Traders look forward to remarks by FOMC members Bowman and Barr for further policy direction. The GBP/USD forecast reflects a mixed scenario on Thursday, with the pound under pressure by……
The euro remains steady amid signs of resilient growth and the ECB’s policy guidance. The USD strengthens amid expectations of two additional rate cuts by year-end. Traders await comments from FOMC members Bowman and Barr for further policy and economic directions. The EUR/USD outlook shows the pair under pressure, maintaining a cautious market sentiment amid……
