EUR/USD Price Forecast: Stuck in range ahead of Fed and ECB meetings
The Euro (EUR) gave back two days of gains on Tuesday, with EUR/USD sliding toward the 1.1720–1.1710 band.
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Gold Price Forecast: XAU/USD holding below $3,650 ahead of US inflation data
Spot Gold kept rallying to record highs on Tuesday, reaching $3,674.63 early in the American session. The run was triggered by headlines indicating that Israel launched an attack on Qatar, targeting Hamas leaders, including Khalil Al-hayya and Zaher Jabarin.
Australian Dollar Price Forecast: What’s next after seven-week highs?
The Australian Dollar (AUD) gave back some ground on turnaround Tuesday, cutting short its two-day rebound. AUD/USD slipped back under pressure soon after touching seven-week highs north of 0.6600 the figure.
EUR/USD Price Forecast: Caution ahead of critical US employment data
The EUR/USD pair peaked at 1.1780 on Tuesday, retreating from the level during European trading hours and currently trading at around 1.1730. The US Dollar (USD) pared its early slide ahead of data releases, with the immediate focus on the Nonfarm Payrolls (NFP) revisions.
The Monetary Sentinel: No move on rates expected by the ECB
After holding fire in July, the ECB looks like it may have shut the door on further rate cuts for now. Inflation is still sitting just above target, and growth prospects, while modest, aren’t dire enough to push the Governing Council into more easing.
GBP/USD Forecast: Bulls could ignore overbought conditions
GBP/USD gains traction in the European session on Tuesday and advances toward 1.3600 after posting modest gains on Monday.