USD/CAD Price Analysis: Trump’s Pick for Fed Signals Dovish

The AUD/USD outlook points to further weakness in Australia’s labor market. Australia’s economy lost 5,400 jobs compared to the forecast of an addition of 21,200. The dollar gained after the Fed cut rates as expected on Wednesday. The AUD/USD outlook points to further weakness in Australia’s labor market that could increase pressure on the RBA……

The EUR/USD forecast shows a slight rebound towards 1.1510 amid a slightly subdued dollar.  Germany’s industrial growth boosted the euro, offsetting the dollar’s support from US ADP data.  Traders await the EUR retail sales and commentary from FOMC Members Barr, Williams, and Hammock for further policy cues.  The EUR/USD forecast shows the pair slightly edged……

The GBP/USD weekly forecast remains tilted to the upside amid a weaker dollar. Softer US macro data and aggressive Fed easing could keep the pound bulls alive. BoE’s imminent rate cut could cap the upside. The GBP/USD price closed last week on a firm footing, marking a weekly gain of more than 1% and closing……

The USD/CAD outlook suggests resilience in Canada’s manufacturing sector. Canada’s factory sales expanded by 2.5% compared to the forecast of 1.8%. The Fed will likely cut rates by 25-bps. The USD/CAD outlook suggests resilience in Canada’s manufacturing sector despite tariff uncertainty. As a result, the Canadian dollar has rallied since the previous session despite expectations……

The USD/CAD weekly forecast shows a fragile Canadian dollar. US consumer inflation came in slightly softer than expected. The Canadian dollar has remained fragile since Trump imposed higher tariffs on Canada. The USD/CAD weekly forecast shows a fragile Canadian dollar as tariffs reshape the outlook for the economy. Ups and downs of USD/CAD The USD/CAD……

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……