The euro is set for a second weekly decline versus the US dollar as dollar strength persists and the ECB’s historic rate cut leaves future policy uncertain. Market focus shifts to key US jobs data that could deepen divergence between Fed and ECB approaches. #Forex #EURUSD
The U.S. dollar gained momentum as the unemployment rate dropped to 4.4%, signaling economic resilience and supporting expectations of continued Federal Reserve tightening. EUR/USD and GBP/USD faced downward pressure, while USD/CAD and USD/JPY advanced. Market focus remains on upcoming data to gauge the dollar’s next moves. Detailed analysis by Vladimir Zernov at FXEmpire.com.
The US dollar strengthened in early June 2024 after a robust May jobs report exceeded expectations, adding 272,000 positions and supporting wage growth. This boosted confidence in the Federal Reserve maintaining higher rates longer, dampening rate cut bets. Meanwhile, Canada’s weaker labor data and falling oil prices pressured the loonie. The Bank of Canada responded with a rate cut, contributing to USD/CAD moving higher as divergence in economic outlooks drives forex market momentum.
AUD/USD closed last week lower after breaking key support near 0.6715, signaling a bearish near-term outlook. Immediate support lies at 0.6574, with risk of further drops toward 0.6461 if this level breaks. Resistance now clusters around 0.6713-0.6717 and then 0.6870. Weak Australian economic data and a hawkish Fed continue to pressure the AUD, while global risk aversion favors the USD. Traders should monitor upcoming data and central bank cues for directional clarity.
The latest CFTC report shows a sharp decline in speculative short positions on the Japanese Yen, signaling a shift in trader sentiment amid global uncertainty. Factors such as USD volatility, BoJ policy outlook, and geopolitical risks are driving this recalibration. Market watchers should monitor potential interventions and technical price levels closely. #Forex #JPY #CFCT
EUR/USD traded within a narrow range below 1.1015 on January 8, 2026, showing bearish pressure and investor caution ahead of key US inflation data and ECB policy decisions. Watch supports at 1.0945 and 1.0910 for potential downside continuation. How do you plan to position your trades amid this technical setup?
US dollar index (DXY) gains momentum ahead of this week’s critical Non-Farm Payrolls (NFP) release. Strong US data and Fed’s hawkish stance underpin the dollar, putting focus on GBP/USD and EUR/USD dynamics. Watch key levels around 105.30 on DXY as traders gauge labor market signals and ECB-BoE divergences shaping near-term forex trends.
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AUD/USD Outlook 2026: Watch for shifts in central bank policies as the RBA balances inflation and growth while the Fed navigates its own tightening cycle. Commodity prices, particularly iron ore, will remain a key driver. Diverging monetary stances and global trade dynamics will shape the Aussie vs US dollar moves throughout the year.
USD/JPY edges back slightly amid Fed rate speculation, yet the dollar remains firm targeting the key 158.00 resistance. Traders weigh the impact of prolonged high U.S. rates vs. potential BoJ interventions as the yen weakens further. Watch for next moves. #Forex #USDJPY
