The AUD faces pressure while the USD reclaims safe-haven demand.  The RBA’s cautious monetary stance and diverging Fed policy expectations maintain a downside bias. Traders are looking ahead to the upcoming Initial Jobless Claims and RBA meeting minutes for policy cues.  The AUD/USD weekly forecast suggests the pair was weighed down amid cautious market sentiments...

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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. ...

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The USD/CAD weekly forecast exhibits a bullish trend, with the U.S. dollar maintaining a slight advantage over the Canadian dollar. The price level is testing the resistance level at 1.3969. In the event of a breach, it could rise to 1.400. Higher U.S. Treasury yield, elevated inflation, and oil prices balance each other, keeping the...

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EUR/USD weekly forecast stays pressured by soft U.S. data and heightened Fed rate cut expectations amidst easing growth.  The pair holds near 1.1750, with neutral RSI and SMAs indicating consolidation.  A cooling momentum implies limited upside, while a sustained break above 1.1800  may lead to potential gains. The EUR/USD pair traded evenly around 1.1750 last...

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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...

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The EUR/USD weekly forecast turns negative near 1.1700 as the dollar recovers. Upbeat US economic data and the Fed’s cautious rhetoric lend support to the greenback. Eurozone and US jobs data and central bank speeches can shape the markets next week. The EUR/USD weekly forecast remains subdued under 1.1700, extending the retreat from the September...

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The USD/JPY weekly forecast suggests growing pressure for rate hikes in the BOJ. The dollar and Treasury yields recovered during the week after the Fed cut rates by 25-bps. The Bank of Japan held interest rates as expected. The USD/JPY weekly forecast tilts to the downside as the internal pressure grows in the Bank of...

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The EUR/USD weekly forecast shows a rebound in the dollar. The greenback fell in anticipation of a rate cut by the Fed. Powell noted that employment risks had increased. The EUR/USD weekly forecast shows weakness as the US dollar recovers ground after the Fed’s rate cut, as the impact has already been priced. Ups and...

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The GBP/USD weekly forecast suggests further upside for the pound. The US CPI report revealed that inflation accelerated from 0.3% to 0.4%. US unemployment claims were higher than expected, supporting Fed rate cut bets. The GBP/USD weekly forecast suggests further upside for the pound as traders gear up for a Fed rate cut on Wednesday....

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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...

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