The USD/JPY price analysis points south as the yen finds relief from political uncertainty. Traders are pricing a 12% chance of a massive Fed rate cut in September. The US will release benchmark revisions for jobs data between April 2024 and March 2024. The USD/JPY price analysis points south as the yen finds relief from…
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The GBP/USD struggles after softer-than-expected inflation data and growing fiscal concerns. The US dollar holds firm, maintaining a cautious market sentiment amid the persistent US government shutdown. Traders look ahead to comments from FOMC Waller, the API report, and crude oil inventories for further policy and monetary direction. The GBP/USD outlook remains pressured, trading below……
Gold eased below $4,000 as traders booked profits following record highs, easing geopolitical tensions. Persistent policy instability and growing inflation concerns reaffirm gold’s safe-haven appeal. Traders closely monitor Fed speeches and the Michigan Consumer Index for further policy and direction cues. The gold outlook shows a pause in the uptrend, correcting below the $4,000 mark……
The USD/CAD forecast indicates a slight recovery of the dollar against the Canadian dollar. Market participants are eagerly awaiting the US monthly employment figures. Data revealed that Canada’s economy unexpectedly contracted. The USD/CAD forecast indicates that the dollar is expected to recover slightly against the Canadian dollar ahead of crucial employment figures from the US……
The GBP/USD outlook suggests the Bank of England may be nearing a pause. Nearly half of the BoE policymakers were ready to keep rates unchanged. US claims rose to 226,000, beating the forecast of 221,000. The GBP/USD outlook suggests the Bank of England could be nearing the end of its current easing cycle. As a……
The GBP/USD outlook indicates growing concerns about the UK economy. The UK services PMI eased from 52.8 to 51.2. The pound rallied after Trump announced a trade deal with Japan. The GBP/USD outlook indicates growing concerns about the UK economy following PMI data, which has put a lid on the pound’s gains. Business activity in……
The GBP/USD weekly forecast turns bearish after dipping to 7-week lows. Upbeat US GDP and Jobless Claims, along with a cautious Fed, triggered a dollar recovery. Markets now focus on labor market data due next week for a fresh impetus. The GBP/USD weekly forecast has turned bearish after the price significantly declined last week, reaching……
