USD in the spotlight: latest news

The EUR/USD forecast suggests that the dollar will continue to weaken following a disappointing monthly employment report released on Friday.

EUR/USD finished the previous week slightly higher, buoyed by a rally on Friday. The pair remains steady and trades comfortably above the 1.1700 level as market participants await a confidence vote in France.

Gold prices have shown strong bullish momentum, increasing by over 4.5% in the last five sessions. This buying pressure is bolstered by growing confidence in the market.

The USD/CAD pair has corrected to approximately 1.3800 at the beginning of the week, retreating from its weekly high of 1.3855 reached on Friday.

The USD/JPY currency pair remains stable below the 147.50 mark, showing a slight decline of 0.02% as market participants anticipate a Federal Reserve rate cut.

The Euro to Dollar (EUR/USD) outlook improved last week due to disappointing US jobs data, which increased the likelihood of a rate cut by the Federal Reserve in September. This development pushed the currency pair above key resistance levels, targeting 1.20.

The gold market has set a new record as the price of gold (XAU/USD) surpasses $3,600. The strong momentum observed last week shows no signs of slowing down.

The US Dollar experienced a rebound due to weak jobs data, which increased expectations for a Federal Reserve rate cut. This development is influencing the short-term outlook for trading pairs GBP/USD and EUR/USD.

The US Dollar Index (DXY), which measures the value of the Greenback against six major currencies, is currently trading at approximately 97.60, reflecting a decline of 0.15% during European trading hours. The 100-day Simple Moving Average continues to serve as a significant resistance level for the index.

The Pound to US Dollar (GBP/USD) exchange rate increased at the beginning of the week, reflecting the ongoing impact of Friday's disappointing US payrolls report.

The EUR/USD pair has reached a five-week high in anticipation of the upcoming French vote of no confidence. Meanwhile, oil prices are increasing due to worries about potential sanctions on Russian oil, despite an agreement among OPEC+ members.

The US dollar has shown slight weakness in the early hours of Monday as traders anticipate upcoming interest rate cuts from the Federal Reserve.

The upcoming week will see GBP investors closely monitoring the UK's latest GDP figures. Economists anticipate that growth has stalled at the beginning of the third quarter, which could impact the currency's performance.

The US Dollar Index (DXY), which measures the value of the US dollar against six major currencies, is currently trading at approximately 97.60, reflecting a decrease of 0.15% during European trading hours. The 100-day simple moving average continues to serve as a significant barrier for the index.

The EUR/USD pair experienced slight intraday gains on Monday, maintaining a position above the 1.1700 level. The US Dollar is showing weakness across the foreign exchange market, which supports the potential for higher highs in the EUR/USD pair.

The Euro to Dollar (EUR/USD) forecast is currently influenced by European political developments and ongoing economic challenges in the United States.

Ripple's XRP is currently trading at approximately $2.96, showing consolidation within a range of $2.70 to $3.40. Analysts are optimistic, setting target prices between $4.50 and $6, driven by the momentum generated from ETF developments and long-term market models.

The US Dollar Index (DXY) is currently trending downwards, trading below its 50-day moving average following disappointing job reports. Upcoming Consumer Price Index (CPI) data may further weaken the DXY as expectations for a Federal Reserve rate cut increase.

The GBP/USD forecast indicates a potentially pivotal week ahead, with the currency pair rising above 1.3500 on Friday and maintaining that level into today.

The GBP/USD pair rose above the 1.35 mark on Friday, driven by a disappointing US jobs report that solidified expectations for the Federal Reserve's monetary policy.

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Silver struggled to maintain its position above $42 on Friday, facing a critical support level at $40. Traders are assessing the impact of weak US jobs data and the potential strength of the dollar.

EUR/USD reached a new monthly high following the release of the NFP report, fueled by growing expectations that the Federal Reserve will initiate a series of rate cuts in the coming weeks.

Ethereum (ETH-USD) is currently trading at $4,305, supported by $172.2 billion in stablecoins and significant ETF inflows. Analysts are optimistic, predicting a price target of $5,800 to $6,200, with some even forecasting a potential rise to $10,000 in the future.

Gold (XAU/USD) is currently priced at $3,586 following record highs. Predictions for the price to reach $4,000 by 2025 are supported by factors such as Federal Reserve interest rate cuts, increased central bank purchases, and heightened demand during the Indian festive season.