USD slips into quiet territory as the US session kicks off, lacking clear direction amid subdued trading and key moving averages holding firm. Market eyes now on upcoming inflation data and central bank cues for fresh momentum. Full technical breakdown by Greg Michalowski: investinglive.com/technical-analysis/the-usd-is-little-changed-with-limited-up-down-price-action-20260107
EUR/USD showed early weakness on January 6 as Eurozone data sparked caution, but the euro rebounded later amid easing dollar strength and improved risk sentiment. Mixed economic signals and cautious central bank outlooks continue to influence this key currency pair’s range-bound moves.
GBP/USD remains range-bound near 1.27 amid mixed technical signals and cautious macro outlooks. Key resistance at 1.2760/70 caps upside while support near 1.2674 and 1.2599 limits downside for now. Watch for a decisive break to set next directional move as market weighs Fed caution against Bank of England’s outlook. Technical momentum is neutral, signaling potential consolidation before the next trend emerges. For detailed analysis, see ActionForex.com.
USD/CAD breaks above key resistance at 1.3250, confirming bullish momentum driven by strong U.S. economic data, hawkish Fed signals, weaker oil prices, and a recovering USD index. Eyes on next resistance at 1.3320 for further upside potential. #Forex #USDCAD
AUD/USD jumped after Australia’s May CPI showed stubborn inflation, hinting at RBA tightening. Yet, the rally stalled as geopolitical risks, softer Chinese growth signals, and anticipation of key US economic data dented risk sentiment. The pair struggles below resistance near 0.6670 amid cautious global outlooks.
(Analysis by Christian Borjon Valencia for FXStreet)
USD/JPY shows a cautious recovery, testing resistance at 155.02. A break above 157.70 may reignite bullish momentum, while failure to hold above 151.86 risks deeper corrections. Key support to watch: 150.26 and 146.47. Traders should stay alert to shifting momentum and chart signals. Credit: Analysis adapted from ActionForex.com’s USD/JPY Daily Outlook.
The US Dollar remains strong against EUR/USD, GBP/USD, and EUR/GBP as market focus shifts amid central bank policies and economic data. Christopher Lewis of FX Empire examines key technical levels and potential catalysts shaping near-term forex trends.
GBP/USD climbs above 1.3500 amid broad US Dollar weakness ahead of the ISM Services PMI release. Market eyes the key US economic data for clues on Fed policy, fueling renewed Pound strength and positioning the pair near 2024 highs.
USD/CAD breaks above key resistance at 1.3375, supported by strong technical signals including moving averages and RSI, alongside a resilient US dollar driven by hawkish Fed outlook and softer Canadian economic data. Next target set near 1.3460 as bullish momentum builds.
Forex Market Morning Wrap: Extended Analysis (July 1, 2026) – The FX landscape opened with notable volatility as traders digest mixed US data and tepid Eurozone inflation figures. USD experiences modest pressure amid uncertain Fed rate paths, while EUR/USD struggles near 1.08 amid political and economic headwinds. GBP holds firm above 1.27 on strong UK GDP and hawkish BoE signals, whereas JPY languishes near lows under persistent BoJ stimulus. Key upcoming events and central bank comments remain pivotal for guiding next moves in global currency markets. Full insights and technical breakdowns now available via xtb.com plus expanded expert perspectives.
