The USD/CAD forecast indicates a brief rebound in the pair ahead of policy meetings. US retail sales rose by 0.6%, well above the estimate of a 0.2% increase. Data from Canada showed that inflation eased by 0.1%. The USD/CAD forecast indicates a brief rebound in the pair ahead of central bank meetings in Canada and…
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The USD/CAD outlook indicates a slight rebound in the dollar. All eyes are now on the looming August 1 tariff deadline. The European Union is planning a tariff retaliation. The USD/CAD outlook suggests a slight rebound for the dollar as traders await updates on tariffs. The greenback fell on Monday amid uncertainty about ongoing trade……
EUR/USD outlook edges higher near 1.1734 as risk appetite weighs on the US Dollar despite Eurozone services PMI revision. Mixed Eurozone data show resilience, while the US labor market concerns deepen amid the delayed Nonfarm Payrolls release. Fed’s Logan cools expectations of an October rate cut, leaving markets focused on ISM services data and the……
The EUR/USD forecast remains bullish amid a weaker dollar and a resilient Eurozone economy. ECB officials highlight the EU’s stable inflation, pointing to a likelihood of a rate hike next year. All eyes are on the FOMC press conference and labour data to provide fresh impetus to the market. The EUR/USD pair opened the week……
Gold stays intact above $4,100 amid anticipated Fed easing and ongoing geopolitical risks. US-China trade frictions enhance gold’s “buy-on-dips” appeal. Traders look ahead to Fed Powell’s speech and the upcoming CPI and PPI figures for further policy cues. The gold outlook shows a retreat from the intraday peak around the $4,179-4,180 level, after investors booked……
The AUD/USD forecast shows an uptrend as a strengthened AUD moves against a weaker US dollar amid tight RBA policy and US shutdown optimism. The US Senate advances a government funding bill to end the Federal government shutdown. Traders await commentary from FOMC members Musalem and Daly for further policy cues. The AUD/USD forecast suggests……
The EUR/USD forecast remains bullish as the dollar weakened further following the release of dismal ADP and Services PMI data. The ECB’s neutral monetary policy diverges from easing Fed support, with EUR/USD poised for upside. Markets await the US Jobless Claims and PCE inflation report data ahead. The EUR/USD forecast edges higher as the US……
