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
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City Index signals weakening bullish momentum for GBP/USD as sterling struggles to break key resistance near 1.2850. UK data softening and shifting BoE rate expectations may test pound’s recent gains. Traders should watch support around 1.2730 closely. Analysis by Gary Howes, PoundSterlingLive.com.
The Canadian dollar is losing ground against the US dollar as USD/CAD nears the monthly high around 1.3875. Strength in US economic data, hawkish Fed signals, and safe-haven demand are boosting the USD, while softer Canadian growth and volatile oil prices weigh on the loonie. Market focus remains on interest rate expectations and technical resistance near 1.3900.
AUD/USD has dipped below its 100-hour moving average, testing key support near 0.6697. This move reflects cautious sentiment amid shifting risk appetite and looming economic data from Australia and the U.S. Watch for potential further downside if support fails to hold, with technical levels at 0.6665 and 0.6640 coming into focus.
Bank of America forecasts USD/JPY to hit 150 by the end of 2024, driven by sustained Fed rate hikes, BOJ’s loose policy, and growing interest rate differentials. The carry trade and capital flows favor a weaker yen amid ongoing structural and inflation disparities.
