USD/CAD Outlook: Weakening Buyers Amid Fed, Stable Oil Prices

The EUR/USD outlook turns negative as the Eurozone is hit by the US-EU trade deal. European leaders voice opposition against the deal amid fear of economic backlash. The US dollar sees increased demand as the Fed may hold rates steady for longer. The EUR/USD outlook weakened as the pair continued its decline on Tuesday, following……

The USD/JPY forecast shows a rebound as the dollar gains on trade optimism. The US economy lost 33,000 private jobs in June. Economists expect 120,000 new US jobs, a slowdown from the previous month. The USD/JPY forecast shows a rebound as the dollar gains on trade optimism. However, downbeat employment figures in the previous session……

The GBP/USD price analysis shows the pound steady against the dollar. Data on Wednesday revealed that inflation in the UK remained high at 3.8% in August. Market participants are anticipating a more dovish Fed. The GBP/USD price analysis shows the pound steady against the dollar as UK inflation remains high. Market participants expect Bank of……

The gold forecast remains broadly bullish with a few corrective jitters due to the ceasefire. The Fed Chair’s wait-and-watch policy weighs on gold’s uptrend. Market participants are eyeing key US data and the second round of Powell’s testimony. Gold prices are consolidating above the $3,300 mark after retreating to a 2-week low earlier this week…….

Euro weakens amid French political turmoil while dollar’s safe-haven appeal revives.  The Euro regained temporary strength after French political conditions eased, but sentiment maintained a bearish bias amid weak Eurozone data and a divided Fed outlook. Traders look forward to the Consumer Price Index and Eurozone Harmonized Index of Consumer Prices for market direction cues. ……

The prolonged US government shutdown and US-China trade frictions boost gold’s safe-haven appeal.  The Russia-Ukraine war and potential ceasefire keep investors cautious. Traders look ahead to the IMF meetings and FOMC’s Kashkari, Miran, and Musalem’s speeches for further policy direction.   The gold forecast shows an unabated uptrend, breaking record highs, amid the ongoing geopolitical……