Silver holds near record highs as traders watch Fed signals. Tight supply and rate cut expectations shape the silver outlook and the next move in the silver market.
USD/JPY faces mounting pressure as Ueda hints at rate hikes and US inflation cools. Upcoming GDP, wage data, and the Fed meeting influence the USD/JPY outlook.
Silver hits a record high as XAGUSD rallies on rising Fed cut expectations, weak labor data, softer PCE inflation and strong industrial demand.
USD/JPY's fall from 157.88 short term top extended lower last week, but lost momentum after hitting 154.33. Initial bias is turned neutral this week first.
EUR/USD is consolidating below resistance as Fed rate cut expectations, stronger Eurozone data, and weakening dollar signals set the stage for a breakout toward 1.22.
Swiss franc strength; USD/CHF lower Pound recovery; GBP/CHF target hit SNB steady; CHF outlook firmer UBS Sees USD/CHF Sliding Below 0.80 in 2026 as SNB Holds Tight; Recommends Locking In GBP/CHF Gains The Dollar to Swiss Franc (USD/CHF) exchange rate continues to trade well below this year's highs, and UBS expects the pair to fall... Exchange Rates UK - Exchange Rates and Foreign Exchange
The GBP to EUR exchange rate closed Friday at 1.1455, its strongest level in several weeks, after cable staged its biggest daily rise in over a month. Pound Sterling's firmer tone followed an upward revision to UK PMI data and lingering market relief that last week's Budget avoided upsetting gilts.
The Euro to Dollar (EUR/USD) exchange rate found support below 1.15 during November and has advanced to just above 1.1650. A key element is that markets are now very confident that the Federal Reserve will cut interest rates at the December meeting with the Fed Funds rate lowered to 3.75%.
Gold price slips as traders book profits near key resistance. Fed cut bets, inflation data, and dollar strength shape the short-term gold market outlook.
USD/JPY enters a critical week dominated by the Fed. While Japanese yields have influenced recent moves, that theme takes a back seat to Wednesday's FOMC decision.
EUR/USD consolidates at 1.1650 as US inflation and ECB risks shape outlook
Over the past five trading sessions, USD/JPY has accumulated a decline of more than 0.6% in favor of the Japanese yen, as the currency begins to strengthen following recent comments from the Bank of Japan, which suggest a more aggressive monetary policy stance toward year-end. For now, selling pressure remains dominant in the short term, and this bias could continue if a more restrictive policy is confirmed by the BOJ and if U.S. dollar weakness persists.
Rallying USD will be a bearish factor for the entire precious metals sector. However, will it be able to prevent silver from rallying further?
United States CFTC Gold NC Net Positions up to $2047K from previous $176.6K
The Canadian Dollar offensive accelerated this week, with USD/CAD plunging for a second straight week as a strong Canada jobs report underscored the widening interest rate disparity. The selloff fueled a decisive break below multi-month uptrend support, shifting the broader bias lower into the weekly close.
Copper just surged to fresh record highs, powered by bullish investment flows, tightening supply chains and a structural demand wave unlike anything the Commodities market has seen in half a century.
Gold holds strong at $4,200 as Fed-cut anticipation builds
The announcement that Kevin Hassett is expected to be the next Fed Chair brought with it a bearish drive to the US Dollar. The current Director of the National Economic Council was named by US Treasury Secretary Scott Bessent as the likely next nominee to head the Central Bank a week earlier and that helped to rally equities and drive a sell-off in the Dollar, and that theme continued through this week as President Trump said that he already knew who he was going to name.
AUD/USD Price Forecast: Aussie eyes YTD high after channel breakout
Silver traders have quickly bought the dip.
The Australian Dollar breakout is accelerating into the weekly close with AUD/USD ripping toward confluent uptrend resistance today. While the broader structure remains constructive, the reaction off this threshold will be essential in determining whether the rally can extend or if a pullback within the multi-week uptrend will materialize first.
The American currency is trying to rebound ahead of the weekend.
Gold traded in a choppy, consolidative range this week, holding just above $4,200. The market appears to be stabilizing after a steep rally, with $3,950 acting as key support and upside targets extending toward $4,400–$4,500 if momentum returns.
Silver extended its bullish run this week but began pulling back from the $60 level, highlighting extreme overbought conditions. While support may emerge between $54 and $55, the risk of sharp reversals and parabolic behavior remains a key concern.
EUR/USD pulls back as Greenback finds support following latest US data
EUR/USD: USD slide may spur 2026 diversification – Rabobank
Pound Sterling Price News and Forecast: GBP/USD rises as Fed rate cut odds boost Sterling
GBP/USD rises as Fed rate cut odds boost Sterling
EUR/GBP Price Forecast: Sellers dominate as momentum turns decisively bearish
Gold traded slightly higher on Friday, holding above $4,200 as the market works through earlier bubble-like momentum. Sideways action and modest pullbacks appear constructive, with key support at $4,000 and longer-term targets stretching toward $4,400–$5,000.
Silver rallied early Friday before giving back some gains, reflecting a market that may have surged too quickly. Resistance remains near $60, while support appears between $54 and $55.
Major currency pairs were mixed on Friday, with the euro fading after an early rally and the pound holding recent strength despite looming rate-cut risks. EUR/GBP remains heavy, and a break below 0.87 could accelerate downside toward key longer-term support.
USD/CAD's fall accelerate lower today and intraday bias stays on the downside. Current development argues that rise from 1.3538 has completed at 1.4139, on bearish divergence condition in D MACD.
USD/CAD slides to a two-month low after Canada's jobs beat; eyes on US PCE
AUD/USD holds in steep uptrend for the eleventh consecutive day and on track for the second straight weekly gain, mainly driven by weaker US dollar on growing expectations of Fed rate cut, but also holding firm tone against other major currencies.
EUR/JPY rebounds on stronger Eurozone data, soft Yen
Italy's Gold reserves become the focus of politics – Commerzbank
USD/JPY edges up above 155.00 ahead of the US PCE inflation release
Gold trades steady as markets brace for delayed US PCE data
USD/INR nears record high as RBI cuts rates – BBH
USD/JPY hits fresh lows as Yen strengthens – MUFG
USD/CAD trades heavy ahead of Canada's labor data – BBH
Gold Price Forecast: XAU/USD rises to near $4,230, remains broadly confined above 20-day EMA
At the same time, a technical assessment of price movements allows for the construction of a symmetrical triangle pattern with a central axis around $4,205 — indicating that the current price reflects an equal balance of major drivers, including:
USD/JPY decouples from yield spreads – MUFG
USD/CAD holds losses near 1.3930 with US Inflation, Canada's Jobs on tap
USD/INR extends uptrend toward 90.80–91.00 – Société Générale
Euro hedging costs collapse, supporting EUR/USD – ING
USD/CAD tests key 200-DMA support zone – Société Générale
The USD/INR trading pair rose to all-time highs above 90.00 on Thursday. We discuss how the RBI rate cut and Federal Reserve could play out.
Silver price today: Silver rises, according to FXStreet data
Gold prices held close to 4,200 USD per ounce on Friday, with investors focused on a significant, delayed inflation report ahead of next week's Federal Reserve policy decision.
EUR/USD hovers near highs with Eurozone GDP, employment data on tap
GBP/JPY Price Forecast: Pound found resistance at 207.35 area
The US Dollar weakens as markets price an 85% chance of a Fed rate cut. DXY stays under pressure while GBP/USD and EUR/USD maintain bullish momentum.
NZD/USD bounces up to fresh highs at 0.5780 amid US Dollar's weakness
Intraday bias in EUR/USD stays mildly on the upside for the moment. Fall from 1.1917 should have completed at 1.1467.
USD/JPY's fall from 157.88 is resuming by breaking through 154.65 temporary low and intraday bias is back on the downside. Sustained trading below channel support should bring deeper correction to 55 D EMA (now at 153.11).
Intraday bias in GBP/USD remains on the upside and rise from 1.3008 should extend to 1.3470 resistance first. Decisive break there will pave the way to retest 1.3725/3787 resistance zone.
Intraday bias in USD/CHF remains neutral for the moment. Price actions from 0.7828 low is seen are a corrective pattern.
Gold and silver steady as traders await the PCE report and an 85% Fed rate-cut probability. Safe-haven demand persists amid geopolitical tension and muted dollar strength.
Intraday bias in AUD/USD remains on the upside at this point as rise from 0.6420 is in progress. Further rally should be seen to retest 0.6709 resistance next.
USD/CAD's fall from 1.4139 is resuming by breaking 1.3936 and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 1.3538 to 1.4139 at 1.3909.
Intraday bias in EUR/GBP remains on the downside at this point. Break of 55 D EMA (now at 0.8745) indicates rejection by 0.8867 fibonacci level.
EUR/GBP trades flat above 0.8700 amid BoE rate cut speculation
The US dollar to Indian rupee (USD/INR) exchange rate traded around 89.96 on Friday, stabilising after a volatile stretch that briefly pushed the currency pair above 90 earlier this week. Analysts at BNY say the move has become one of the key pressure points in EM FX, given the rupee's role as a core carry anchor for global.
Intraday bias in EUR/AUD remains on the downside for 1.7561 support. Firm break there should confirm that larger corrective pattern from 1.8554 is already in the third leg.
The Euro to Dollar (EUR/USD) exchange rate found support close to 1.15 in the last week of November and has strengthened to near 1.1650 amid expectations of more aggressive Fed rate cuts. Danske Bank expects at least three Fed rate cuts by June 2026 with the potential for a more dovish Fed Chair and official preference for a weaker dollar.
AUD/USD Price Forecast: Revisits two-month high near 0.6620
South Africa Net $Gold & Forex Reserve: $70.024B (November) vs $69.364B
South Africa Gross $Gold & Forex Reserve rose from previous $71.55B to $72.07B in November
USD/CHF declines below 0.8050 amid Fed rate cut expectations, US PCE inflation data eyed
USD/INR rises as RBI reduces Repo Rate by 25 bps to 5.25%, as expected
Saudi Arabia Gold price today: Gold steadies, according to FXStreet data
Looking at the 4-hour chart, the pair gained pace for a move below the 50% Fib retracement level of the upward move from the 152.81 swing low to the 157.89 high. There was a close below the 100 simple moving average (red, 4-hour), and the pair traded close to the 200 simple moving average (green, 4-hour).
Despite a rough monthly open, the US Dollar is currently trading within a key technical range, a factor that holds FX Markets firmly in balance despite some individual breakouts seen in pairs like NZD/USD or GBP/USD.
Philippines Gold price today: Gold rises, according to FXStreet data
EUR/JPY softens to near 180.50 as BoJ rate hike speculation bolsters Japanese Yen
United Arab Emirates Gold price today: Gold steadies, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
Gold flat lines above $4,200 mark; looks to US PCE Price Index for some meaningful impetus
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold steadies, according to FXStreet data
Pound Sterling Price News and Forecast: GBP/USD flat lines around 1.3330
Silver Price Forecast: XAG/USD rises to near $57.50 on dovish Fed expectations
GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
USD/CAD trades flat near 1.3950 ahead of Canada's employment data
EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
Japanese Yen holds steady as BoJ rate hike bets offset weak data; USD/JPY seems vulnerable
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
BoJ tightening signals lift the yen as USD/JPY tests support. Household spending data is shrugged off, leaving US PCE in focus.
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
AUD/JPY has reclaimed its role as a risk proxy, surging on low volatility and widening yield spreads to levels last seen in mid-2024. Correlations with equities and volatility indices confirm the pair's sensitivity to risk appetite, but rising global bond yields cast a shadow over the bullish narrative.
GBP/USD pulls back as bull run hesitates
USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
Gold and silver prices are gaining bullish momentum as weak jobs data and Fed rate cut expectations drive safe-haven demand.
Gold extended its five-day sideways range Thursday with muted volatility, but buyers defended a key $4,175 low exactly where the rising 10-day average and trendline now converge—mirroring the quiet six-to-nine-day consolidations that preceded prior recent advances.
Most would agree that the Fed are likely cut rates by 25bp this month, though their tone around future cuts remains up in the air as the backlog of economic data flows in. The bearish excitement that weak ADP payrolls figures generated for the US dollar took a pause for breath on Thursday, as job layoffs didn't spike as bears had hoped.