The USD/CAD forecast shows intense pressure on the Canadian dollar ahead of the tariff deadline. Canada could face tariffs of 35% if there is no trade deal soon. Traders are expecting both the Fed and the BoC to pause. The USD/CAD forecast shows intense pressure on the Canadian dollar as the August 1 tariff deadline…
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The GBP/USD outlook shows the pound trading cautiously against a subdued dollar ahead of the Bank of England’s decision. Despite the upbeat US ADP data at 42K, the ongoing US government shutdown limits the dollar’s upside. Traders await the BoE monetary policy meeting with the MPC members’ vote split. The GBP/USD outlook remains range-bound, with……
The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite. The dollar rebounded on Tuesday as geopolitical tensions sent traders scrambling for safety. Market participants are only confident of an RBA cut in November. The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite due……
The EUR/USD outlook turns bullish as the sentiment shifts after ceasefire. Falling crude oil prices may provide more support to the EU economy. Markets now await Fed Chair’s testimony before Congress for further policy clues. The EUR/USD pair staged an impressive comeback, gaining 1.3% from Monday lows to trade near 1.1600 level on Tuesday. The……
The GBP/USD weekly forecast suggests further downside. The US economy grew by 3.0%, compared to the forecast of 2.5%. The dollar retreated on Friday after data revealed slower-than-expected job growth in July. The GBP/USD weekly forecast suggests further downside as market participants prepare for a Bank of England rate cut. Ups and downs of GBP/USD ……
EUR/USD forecast remains mildly bullish amid weaker dollar. Fed’s rate cut probability in September is 94% amid weaker economic outlook. Weaker US jobs data and geopolitical optimism continues to support euro. The EUR/USD forecast remains slightly bullish, staying around mid-1.1600, supported by weakening US economic indicators and unresolved political uncertainty in Washington. However, the pair……
The USD/CAD forecast indicates a slight recovery of the dollar against the Canadian dollar. Market participants are eagerly awaiting the US monthly employment figures. Data revealed that Canada’s economy unexpectedly contracted. The USD/CAD forecast indicates that the dollar is expected to recover slightly against the Canadian dollar ahead of crucial employment figures from the US……
