Author name: The Forex Feed

GBP/USD Weekly Forecast: Range-Bound Ahead of Fed Cut Decisions

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 England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week.  The GBP/USD weekly forecast remains subdued as the pair consolidates near

Global Risk Rally Reignites as US, UK, and Japan Hit All-Time Highs

Global Risk Rally Reignites as US, UK, and Japan Hit All-Time Highs

Global markets resumed their risk-on momentum last week, buoyed by softer U.S. inflation data, easing political uncertainty, and renewed optimism over global trade. In the U.S., both DOW and S&P 500 climbed to fresh record highs after September CPI figures came in below expectations, cementing confidence that the Fed remains on track to deliver two

TSX Tracks US Peers Higher

TSX Tracks US Peers Higher

The S&P/TSX Composite Index rose by 0.6% to conclude the week at 30,353 on Friday, driven by a cooler-than-anticipated US inflation report that strengthened the likelihood of interest rate cuts by the Federal Reserve, sustaining a robust risk appetite among investors. This offset concerns earlier in the week regarding Canada’s trade situation. All nine sectors

EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance

EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance

EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates. Euro supported by upbeat PMIs; Moody’s warning on France limits upside momentum Inflation

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia’s central bank unexpectedly reduced its key interest rate for the fourth policy session in a row, citing high inflation expectations and lackluster growth, and signaled that monetary policy will remain tight for an extended period of time. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate by 50

Markets Weekly Outlook – Trump-Xi Meeting, Earnings & Central Banks

Markets Weekly Outlook – Trump-Xi Meeting, Earnings & Central Banks

Given that next week brings a host of central bank decisions, FX markets could have a busy week. Beyond the data, markets will be focused on the Trump-Xi meeting, Russia-Ukraine developments as well as renewed tensions between the US and both Venezuela and Colombia. Any signs of US military intervention in Venezuela could add to

Gold rebounds after softer US CPI data reinforces Fed cut bets

Gold rebounds after softer US CPI data reinforces Fed cut bets

Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week. XAU/USD trades at $4,127 after bouncing off daily lows of $4,043, courtesy of a mildly softer

U.S. Rig Count Rises Slightly, Signaling Econ…

U.S. Rig Count Rises Slightly, Signaling Econ…

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U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In October

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In October

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of October. The University of Michigan said its consumer sentiment index was downwardly revised to 53.6 from the preliminary reading of 55.0. Economists had expected the consumer sentiment index to

Why Russia sanctions pushed PBF Energy to a critical technical test

Why Russia sanctions pushed PBF Energy to a critical technical test

PBF Energy Inc. (PBF), a major U.S. petroleum refiner, experienced an explosive day on Thursday, surging 15.67% to close at $34.10. This aggressive move was fueled not only by recent analyst upgrades but, more significantly, by the increase in global oil costs due to new U.S. sanctions on Russia. By limiting or halting Russian oil

XAU/USD: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25

XAU/USD: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25

2025.10.24 2025.10.24 XAU/USD: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 4,007.50 with a target of 4,500.00 – 4,700.00. A buy signal: the price holds above 4,007.50. Stop Loss: below 3,965.00, Take Profit:

​UK shoppers go spending in September​

​UK shoppers go spending in September​

​​​Retail sales defy expectations with September surge ​UK retail sales volumes rose 0.5% month-on-month (MoM) in September, comfortably beating economist forecasts for a 0.4% decline. The positive surprise marks a continuation of the summer’s momentum, with August’s reading revised upward to 0.6% from the initial 0.4% estimate. ​Annual growth in retail sales accelerated to 1.5%,

USD/CHF: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25

USD/CHF: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25

2025.10.24 2025.10.24 USD/CHF: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8080 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8080. Stop Loss: above 0.8120, Take Profit:

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