ICE canola futures climbed on Monday, gaining $3.30/MT to settle at $647.90, supported by rebounds in global vegetable oil markets including soy and palm oil. Technical buying and rising crude prices, which boost renewable diesel demand, also fueled the recovery. While near-term fundamentals remain cautious with an expected strong Canadian harvest, cross-commodity strength is helping canola regain momentum.
AUD/USD is approaching key technical resistance near the topside trendline and November 2024 highs around 0.6800. Sustained momentum could push the pair above these levels, signaling bullish strength, while overbought indicators warn of possible short-term pullbacks. Traders will watch closely for a breakout or consolidation in the coming weeks. Analysis and extended updates by Adam Lemon.
GBP/USD steady near 1.2760 as the dollar softens amid easing US inflation and Fed signals hinting at a pause in rate hikes. Market focus now shifts to UK CPI, with Sterling’s trajectory hinging on whether inflation data supports BoE’s tightening stance or opens the door to easing. Traders should watch upcoming data closely for clues on direction. #Forex #GBPUSD #FX
EUR/USD climbs to a four-month high as dollar weakness persists amid mixed US data and Fed rate cut expectations. Euro gains ground supported by improved Eurozone sentiment and cautious ECB outlook. Bulls now eye 1.20, with key data releases set to guide the next moves.
US dollar slips further as markets eye Fed’s next move. EUR/USD nears key resistance at 1.09 with ECB’s tighter stance boosting euro. USD/JPY softens amid lower US bond yields despite BoJ’s dovish tone. AUD/USD gains on improved risk sentiment and RBA’s cautious tightening outlook. #Forex #USD
U.S. dollar comes under pressure ahead of the Federal Reserve meeting as markets anticipate a less hawkish stance. EUR/USD and GBP/USD gain on stronger economic data and central bank hawkishness in Europe and the UK, while USD/CAD and USD/JPY reflect mixed outlooks. Traders brace for volatility as Fed signals unfold. Analysis by Vladimir Zernov at FX Empire.
Pound to Australian Dollar remains steady as rising risk appetite boosts the Aussie. Mixed UK economic data and cautious Bank of England stance contrast with Australia’s commodity-driven gains. Read our detailed GBP/AUD forecast and analysis for September 2025 by James Elliott and independent experts.
GBP/USD holds above key support at 1.2673, showing resilience amid cautious market optimism. Watch for a decisive break above 1.2866 to target 1.3000. Overbought oscillators warn of potential pullback, but bullish momentum remains intact as long as 1.2590 (55-day EMA) holds. Risk of reversal increases if support breaks. Stay tuned for policy cues and economic data shaping the path ahead. #Forex #GBPUSD #TechnicalAnalysis
As EUR/USD nears July highs, traders focus on the upcoming Fed decision. Markets weigh Fed’s pause odds, diverging ECB policy, and recent US data signaling slower growth. Powell’s tone will be key for direction as investors watch for clues on inflation and rates.
USD/JPY falls to 146.82 as market sentiment shifts amid BOJ hints at policy normalization and rising expectations for Fed rate cuts. Central bank divergence, softer US data, and bearish technicals align to strengthen the yen. Traders eye upcoming moves closely. #Forex #USDJPY
