USD/CAD climbs to weekly highs near 1.3720, driven by a rebound in the U.S. dollar and softer oil prices weighing on the Canadian dollar. Technical indicators show bullish momentum with key support at the 200-hour SMA around 1.3660. Watch for a break above 1.3750 to confirm further gains. Source: Adam Button, ForexLive via TradingView.
USD/JPY surged to 148 amid a widening yield gap as the Federal Reserve maintains a hawkish outlook while the Bank of Japan stays ultra-dovish. Meanwhile, AUD/USD faces downward pressure, weighed by softer commodity prices and cautious RBA signals. Watch for shifts in central bank policies to guide the next moves in these key pairs. #Forex #USDJPY #AUDUSD
Pound slips against the US dollar as UK PMIs reveal fastest contraction since early 2021, contrasting with resilient US PMI data. Market eyes this divergence amid shifting expectations for Bank of England and Federal Reserve policy moves. GBP/USD outlook under pressure.
ING highlights growing US dollar weakness driven by easing inflation, slowing growth, and an anticipated Federal Reserve pivot. These factors may propel EUR/USD toward 1.20, supported by a relatively cautious ECB stance and improving global risk appetite. Full analysis by Eamonn Sheridan on ForexLive via TradingView.
Japan’s inflation is expected to ease further in April, putting pressure on the yen as the Bank of Japan proceeds cautiously with policy normalization. With weak wage growth and global uncertainties, markets doubt aggressive BoJ rate hikes, favoring a weaker yen amid diverging central bank paths worldwide.
USDCAD remains positioned for bullish potential as of August 21, 2025. Key support at 1.3500 holds firm while resistance near 1.3600 is being tested—watch for a decisive daily close above this level for continuation toward 1.3700. Favor buying on dips near 1.3450–1.3500 with tight stops. Keep an eye on crude oil trends and central bank cues for added directional clues.
Australian Dollar Forecast (AUD/USD) – August 21, 2025: The pair remains under pressure amid divergent monetary policies as the RBA holds rates cautiously, while the Fed signals a steady US dollar. Commodity price support is balanced by global risk uncertainties. Technically, AUD/USD is consolidating near key support around 0.6600; a break below could open the way to 0.6520, while resistance near 0.6700 must be cleared to resume upward momentum. Traders should watch economic data releases closely for fresh directional cues. #Forex #AUDUSD #TradingAnalysis
The US dollar held steady amid cautious market sentiment as traders awaited key economic data and central bank cues. Meanwhile, the British pound gained support from persistent inflation concerns and BoE speculation, while the Japanese yen remained under pressure due to widening yield differentials. Focus remains on upcoming PMI and jobless claims data for further direction.
The Federal Reserve signals a strategic policy shift as inflation pressures ease and the labor market cools. Markets now price in possible rate cuts before the end of 2024, reflecting a move toward balanced economic stability over strict inflation control.
Japanese yen slides as inflation cools; with core CPI easing to 2.2% in April, the Bank of Japan signals a cautious approach to tightening. Yield gaps widen against the US, pressuring the yen amid fragile consumption and slow wage growth. Investors eye potential BoJ intervention. #Forex #JPY #BoJ
