The USD/CAD weekly forecast is neutral as markets prepare for rate cuts in Canada and the US. The Bank of Canada is under pressure to lower borrowing costs due to the weak labor market. Data revealed slightly hotter-than-expected US consumer inflation. The USD/CAD weekly forecast is neutral as markets prepare for rate cuts from the…
The post USD/CAD Weekly Forecast: Markets Brace for Boc, Fed Cuts appeared first on Forex Crunch.
The GBP/USD weekly forecast remains mildly bullish as the US dollar weakens on a continued US government shutdown. The central bank is likely to move towards further easing, while the Fed stays data-dependent. Traders await GBP manufacturing and average earnings reports, along with the US consumer price index and retail sales the next week. The……
The GBP/USD weekly forecast is mildly bearish amid central bank divergence. The Middle East crisis continues to weigh on the pound, adding gains to the US dollar. Market participants set eyes on PMI readings and US GDP and inflation data. The British pound managed to partially recover its losses against the US dollar after the……
The EUR/USD outlook remains subdued under 1.1600 on Friday. Fading bets on Fed’s aggressive easing continue to support dollar. Market participants await Powell’s speech at the Jackson Hole Symposium. The EUR/USD outlook remains subdued as the price is headed downwards today during the European session, trading under the key level of 1.1600. The pair is……
The AUD/USD forecast indicates a stronger Australian dollar as risk appetite improves. Trump announced a trade deal with Japan. Economies like the EU, Canada, Mexico, South Korea, and Brazil are still facing the risk of higher tariffs. The AUD/USD forecast indicates a stronger Australian dollar as risk appetite improves following the US-Japan trade deal. Market……
Gold weekly forecast is bullish amid geopolitical tension. Cooling US inflation data, which weighs on the dollar, boosted demand for gold. Market participants are now eyeing the FOMC meeting minutes. The gold weekly forecast turns strongly bullish, with an eye on testing the all-time highs around $3,500. The recent geopolitical tension stemming from the Israel-Iran……
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…….
