GBP/USD Weekly Forecast: Range-Bound Ahead of Fed Cut Decisions
The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of…
Gold Weekly Forecast: Rally Pauses Ahead of Fed Easing
Gold weekly forecast turns slightly bearish after sharp profit-taking. A stronger dollar kept the gold under pressure, with a medium-term uptrend. Traders look ahead to initial jobless claims, Chicago PMI,…
EUR/USD Consolidates Ahead of Potential Further Losses :: InvestMacro
By RoboForex Analytical Department Market sentiment remains dominated by escalating geopolitical tensions in Europe, which are dampening the euro’s outlook and fuelling demand for traditional safe-haven assets, notably the US…
GBP/USD Outlook: Pound Remains Pressured Ahead of US CPI
The pound sterling holds a bearish bias as the dollar benefits from its renewed safe-haven demand. Analysts suspect the Pound could revive its bullish momentum if the US CPI data…
US government shutdown enters fourth week. Oil jumps amid new sanctions against Russia :: InvestMacro
The Dow Jones Index (US30) rose by 0.31% by the end of Thursday. The S&P 500 Index (US500) gained 0.58%. The tech-heavy Nasdaq Index (US100) closed higher by 0.89%. US…
Gold Forecast: Set to Break 9-Week Winning Streak Ahead of US CPI
Gold witnessed a significant pullback as the dollar strengthened amid the global developments. In the long run, gold maintains its uptrend amid persistent geopolitical uncertainty and central bank purchases. Traders…
The British Pound Extends Its Losses :: InvestMacro
By RoboForex Analytical Department The pound remains on the back foot against the US dollar, pressured by growing market conviction that the Bank of England (BoE) will sustain its accommodative…
EUR/USD Outlook: Consolidating Under 1.16 Amid Mixed EU-US Signals
The euro remains steady amid signs of resilient growth and the ECB’s policy guidance. The USD strengthens amid expectations of two additional rate cuts by year-end. Traders await comments from…
Oil prices surged following new sanctions against top Russian oil companies. The Mexican peso remains in demand :: InvestMacro
The Dow Jones Index (US30) fell by 0.71% by the end of Wednesday. The S&P 500 Index (US500) declined by 0.53%. The tech-heavy Nasdaq Index (US100) closed lower by 0.93%.…
GBP/USD Forecast: Pound Digesting Weak Inflation, Greenback Up
The pound sterling remains weak amid expectations of a rate cut by the BoE. The dollar maintains stability and its safe-haven appeal amid sticky inflation. Traders look forward to remarks…