USD/CAD rebounded from 12-week lows but still closed the week with a loss. Soft US inflation data and dovish Fed signals weighed on the dollar, while stronger Canadian job numbers and steady oil prices supported the loonie. Market eyes early 2026 rate cuts in the US amid cautious Bank of Canada outlook. #Forex #USDCAD
China’s November retail sales and industrial production data will be closely watched for signals on economic recovery. Stronger-than-expected figures could support AUD/USD gains, reflecting improved demand for Australia’s commodity exports. Weaker data may weigh on the currency amid ongoing global uncertainties. Traders should prepare for volatility as these key indicators are released.
USD/JPY edges down toward 155.00 as the Japanese yen strengthens on upbeat Q4 Tankan Survey results, signaling rising domestic confidence and potential BoJ policy shift. Meanwhile, the dollar retreats amid softer U.S. inflation data and growing Fed rate cut expectations for 2024. Traders should watch for continued yen momentum weighing on USD/JPY. #FX #USDJPY #TankanSurvey
EUR/USD holds near 1.17 as the Fed cuts rates, easing dollar demand, while the euro tests key resistance around 1.18. Market focus is on whether the euro can sustain gains amid improving Eurozone outlook and technical bullish signals.
Can GBP/USD break out of the tight 1.33 range that’s held firm all year? With Bank of England cautious on rate cuts and US Federal Reserve near peak tightening, traders watch key economic data and policy moves closely. Will 2025 bring the breakout? Read the full forecast. #FX #GBPUSD
USD/CAD held above a 12-week low despite ending the week lower amid broad U.S. dollar weakness and shifting Fed rate expectations. Cooler U.S. inflation data and signals of potential mid-2026 rate cuts weighed on the greenback, while stabilizing oil prices and resilient Canadian economic data offered modest support to the loonie. Market focus remains on upcoming Fed policy and commodity trends shaping near-term USD/CAD direction.
AUD/USD breaks a key multi-year trendline near 0.6650, signaling potential momentum shift after years of downward pressure. Watch resistance around 0.6700-0.6750 and key support at breakout zone. Next moves hinge on US Fed policy and economic fundamentals—risks remain elevated. #forex #AUDUSD
AUD/USD retreats after multiple failed attempts to break strong resistance around 0.6650, pressured by broad USD strength, cooling Australian economic data, and softer commodity prices. Technical indicators signal bearish momentum—traders should watch key support near 0.6600 for clues on the next move. #forex #AUDUSD
As December 14–19 approaches, forex traders should watch EUR/USD as it tests key resistance near 1.1000 amid mixed Fed and ECB signals. GBP/USD faces headwinds despite labor market strength, with resistance near 1.2700 key to next moves. USD sentiment remains volatile with focus on inflation and Federal Reserve cues. Stay alert for potential year-end volatility and targeted opportunities. Analysis by Michael Stoltz, DailyForex.com.
RBNZ’s Karen Breman confirms the economic outlook aligns closely with the Monetary Policy Committee’s expectations. Inflation remains a key focus amid subdued growth. Persistent monetary policy settings likely needed to secure price stability while global uncertainties loom.
