The USD/JPY forecast remains bearish as the BOJ tilts closer to a rate hike. The risk of a US government shutdown and higher JGB yields support the bearish narrative in USD/JPY. Markets are now watching the JOLTS job opening data, along with key speeches, for further impetus. The Japanese yen gained solid ground on Tuesday,…
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The GBP/USD forecast indicates renewed strength in the pound as focus shifts from the Fed to the BoE. Powell said the Fed would continue easing, with forecasts showing two more cuts this year. The Bank of England will likely keep interest rates unchanged. The GBP/USD forecast indicates renewed strength in the pound as focus shifts……
The gold forecast reveals a neutral to bearish bias, as the dollar holds firm following the release of the FOMC minutes. A modest increase in risk appetite caps the market. Market participants await the long-overdue US NP data as a key signal to the Fed. Gold forecast remains subdued in Thursday’s European session after failing……
EUR/USD forecast remains restrained around 1.1660, with political chaos in France and the US government pressuring market sentiment. The downside risk is restricted by expectations of Fed rate cuts, and the euro finds backing from the ECB’s stable stance. Traders are focused on potential technical levels and economic data, which could influence EUR/USD’s upcoming move. ……
The USD/JPY outlook shows the yen in a stronger position as the dollar eases. New York Fed Chief John Williams said a rate cut is possible. Market participants are eagerly awaiting a key US inflation report scheduled for release on Friday. The USD/JPY outlook indicates the yen is in a stronger position as the dollar……
The EUR/USD remained under pressure as markets awaited the Fed rate cut decision. The greenback’s renewed strength and weak Eurozone economic data weigh on the pair. Traders look forward to commentary from FOMC members for further policy cues. The EUR/USD outlook shows a bearish momentum as the pair trades near 1.1635 ahead of the US……
The USD/JPY outlook suggests some strength in the yen after Friday’s slightly hawkish BoJ policy meeting. Japan has to choose a new prime minister on October 4th. Traders will watch Fed policymakers’ remarks for more clues on rate cuts. The USD/JPY outlook suggests some strength in the yen after Friday’s slightly hawkish Bank of Japan……
