EUR/USD consolidates recent losses as investors await key Eurozone economic indicators. Strong US jobs data last week supports the dollar, while eurozone growth concerns keep the euro under pressure. Will upcoming Eurozone reports shift the balance?
On January 8, 2026, the US dollar showed mixed movements against major currencies—strengthening modestly versus the euro and yen, while weakening against the British pound and Canadian dollar. These shifts reflect ongoing economic data releases, diverging central bank policies, and evolving global trade conditions.
USD/CAD retreats from recent highs, trading near 1.3861 amid mixed market sentiment. Strength in the U.S. dollar meets pressure from softer oil prices and a dovish Bank of Canada outlook. Traders await this week’s economic data for clearer guidance. #Forex #USDCAD
AUD/USD slips following Australia’s narrower trade surplus and slower inflation data. Reduced commodity export strength and easing price pressures raise questions about the RBA’s rate path, putting the AUD under pressure amid cautious global sentiment.
USD/JPY holds steady above 156.00 ahead of the U.S. Nonfarm Payrolls report as traders await critical jobs data that could influence Fed policy and yen strength. Market poised for volatility; key support at 156.00 remains intact. Stay tuned for updates. #Forex #USDJPY #NFP
USD holds steady as markets await Friday’s key employment data that could set the tone for the Fed’s next move. With inflation mixed and jobs growth stabilizing, will the report confirm a path for rates or spark volatility? What are you watching most closely in tomorrow’s numbers?
GBP/USD is trading in a tight range near 1.3450 as markets weigh mixed UK economic data against robust US indicators. With central bank policies diverging and geopolitical uncertainties ongoing, the pair remains stuck in sideways movement. Watch for a breakout above 1.3500 or below 1.3400 signaling the next directional shift.
— TradingNews.com Staff Writer
Bank of America shifts to neutral on USD/CAD as the Canadian dollar nears its fair value. With monetary policy divergence fading and U.S. dollar strength peaking, BofA sees limited upside for the pair. Traders should watch oil prices and economic data for the next moves. #Forex #USDCAD
AUD/USD slides amid a narrower Australian trade surplus and slower inflation, raising questions about the Reserve Bank of Australia’s rate path. With US economic resilience supporting the dollar, the AUD faces pressure as market sentiment shifts. Traders watch for RBA signals closely.
USD/JPY hits a critical resistance zone near 146–146.5 as the pair consolidates ahead of the U.S. Non-Farm Payrolls report. Watch for a decisive breakout to target 148 or a breakdown toward 144. Market eyes key data for direction amid BOJ’s dovish stance and Fed’s dollar support. Analysis by Michael Boutros, FOREX.com.
