After a meteoric run that saw gold rise 66% year-to-date and more than double in just 18 months, the metal was due a breather.
EUR/USD slides as Fed delivers rate cut, signals end of QT
GBP/USD dips following Fed rate cut and QE drawdown confirmation
Gold steadies near $4,000 as Fed delivers split 25 bps rate cut
GBP/CAD tumbles to August lows as BoC signals end of easing cycle
Gold steadies ahead of Fed decision as traders position for dovish outcome
Steep upleg from Oct 22 extends into sixth straight day, as sterling came under increased pressure from shift in monetary policy expectations which sees BoE rate cut as early as November (the MPC meets next week).
Cable hit three-month low on Wednesday, extending the steep bear-leg which emerged after strong upside rejection at daily cloud, into second consecutive week.
The American currency is losing some ground as traders wait for the key event of the week.
EUR/CAD declines as BoC signals end to rate cuts amid tariff concerns
Pound Sterling Price News and Forecast: GBP/USD dips under 200-day SMA as UK data and BoE rate cut odds weigh
USD/CAD falls to one-month low as BoC delivers “hawkish cut”
GBP/USD dips under 200-day SMA as UK data and BoE rate cut odds weigh
Gold prices are attempting to recover after last week's sharp selloff, with XAU/USD rallying nearly 3.7% off the weekly low ahead of the Federal Reserve rate decision later today. The pullback from record highs has paused for now, leaving the focus on whether this recovery marks the start of a broader rebound or simply a pause before the next leg lower.
Silver slide mirrors Gold as liquidity, not demand, drives moves – TDS
Central bank Gold buying slows sharply despite higher prices – TDS
Silver rallies with gold, but the $50.02–$51.07 zone may hold. Powell's tone after the Fed cut could decide the next leg.
AUD/USD pares gains ahead of Fed decision, Trump-Xi meeting
GBP/JPY under pressure near 200.00 as double-top pattern signals downside risk
EUR/CHF climbs to two-week high as risk-on sentiment weighs on Swiss Franc
Gold prices briefly dipped before rebounding above $4,000 ahead of the upcoming FOMC meeting. Market sentiment remains cautious, with traders watching for Federal Reserve signals that could determine whether gold extends higher or resumes its decline.
Silver prices rose ahead of the FOMC meeting, likely on short covering, with traders eyeing the $50 resistance level. Market reaction will hinge on the Fed's tone, with downside risks toward $42 or even $40 if the market turns bearish.
Currency markets are holding steady ahead of key central bank announcements, with traders cautious before the FOMC and ECB decisions. The euro remains rangebound near the 50-day EMA, the pound looks vulnerable below 1.3150, and EUR/GBP continues to trend higher toward 0.89, with pullbacks viewed as buying opportunities.
USD/CHF returns above 0.7970 with all eyes on the Fed
Risk appetite remained firm heading into a busy 48 hour period for markets, where major central banks decide on interest rates, technology companies will report their quarterly results, and more to the point, Trump will meet Xi Jinping in a meeting expected to last three hours. Ahead of the Trump-Xi summit, warm words were shared by Trump who said that things will work out very well with the Chinese premier, adding that he plans to ease tariffs on Chinese goods tied to fentanyl dispute.
Gold gains traction above $4,000 with Fed interest rate decision in focus
Markets continue to gear towards the major events this week, with the first one up later today in the form of the FOMC meeting. Just before that though, there will be the Bank of Canada announcing their own policy decision with a 25 bps rate cut expected.
Gold resumed a rebound just a head of Fed Rate cut decision. As we see over the Intraday chart, the market is facing a support zone at 3970-80, while resistance at 4050 could create a trading zone.
USDJPY managed for the second time to test the resistance of 153.25 to push for a correction where the market printed a low around 151.52. As we see from the Intraday chart, the market is still facing the chance for a trading zone between support 151.05-40 and resistance 154.00-20.
GBPUSD managed to sustain the downtrend pressure as prices pushed below the support of 1.3250. As long as the market remains below 1.3290, the drop pressure could continue.
Euro seems to be building a Triangle formation at supports at 1.1600 and 1.1545, as resistance at 1.1700 has the chance for a trading zone. Above 1.1700 more advance could hit the market with resistance at 1.1780-1.1820.
USD/JPY remains capped below 152.50 ahead of Fed and BoJ decisions
USD/CAD edges lower to near 1.3940 ahead of Fed-BoC monetary policies
Silver gains on safe-haven demand, Fed rate cut expectations
USD/CNH: Continued decline below 7.0860 is unlikely – UOB Group
USD/JPY might drop further to 151.30 – UOB Group
NZD/USD is likely to test 0.5800 in short term – UOB Group
EUR/JPY returns above 177.00, Yen eases ahead of the BoJ's decision
USD/JPY dips as BOJ hike odds rise – BBH
Gold Price Forecast: XAU/USD snaps three-day losing streak as Fed's policy takes centre stage
AUD/USD: Unlikely to be able to break above 0.6630 today – UOB Group
EUR/GBP rises above 0.8800 as UK fiscal, inflation concerns weigh
USD/CAD heavy ahead of BOC policy decision – BBH
GBP/USD might decline further to 1.3210 – UOB Group
AUD/USD surrenders half of early gains ahead of Fed's interest rate announcement
The EUR/USD pair declined to 1.1642 on Wednesday, with investor attention firmly fixed on the Federal Reserve's impending policy decision. The central bank is widely expected to cut interest rates by 25 basis points.
NZD/USD Price Forecast: Resistance at 0.5805 is likely to hold bulls
EUR/USD might test and even rise above 1.1680 – UOB Group
EUR/JPY Price Forecast: Tests confluence support zone around 177.00, nine-day EMA
USD/CNH: Guided lower by fix – OCBC
USD/CAD: Will the Bank of Canada cut rates again? – Commerzbank
USD/JPY: Bias for downside play – OCBC
EUR/USD pares gains as US Dollar picks up with Fed's rate decision in focus
You can't keep a good gold down. But even with the nudge higher today, it doesn't mean that dip buyers are back in control when it comes to gold price action.
GBP/JPY dives further, nears 201.00 as the Yen firms up
On the hourly chart of EUR/USD at FXOpen, the pair gained pace for a move above 1.1635. The Euro tested 1.1665 and recently corrected gains against the US Dollar.
The US Dollar holds near 98.83 as traders await the Fed's rate cut decision. Market volatility looms with GBP/USD and EUR/USD in tight ranges.
Australian Dollar Gains as Inflation Surprise Shifts RBA Outlook The Australian dollar has advanced against the Pound, Euro and US Dollar after Australia's quarterly inflation data came in well above expectations, prompting investors to scale back bets on further Reserve Bank of Australia (RBA) rate cuts. The British Pound to.
USD/CAD Price Forecast: Holds losses below 1.3950, lower rectangle boundary
Gold holds near $3,971 and silver trades around $47.73 as traders await the Fed's rate cut and guidance on future monetary policy shifts.
Gold may have come under pressure early this week but HSBC sees that as just being a brief setback for the precious metal. The firm sees the rally in gold carrying over to the new year, with prices set to peak in the first half of 2026.
EUR/GBP holds positive ground above 0.8750, traders brace for ECB rate decision
Silver Price Forecast: XAG/USD recovers further to $47.50; not out of the woods yet
USD/CHF gains slightly to near 0.7940, investors await Fed's policy
Pound Sterling Price News and Forecast: GBP/USD loses ground on rising odds of BoE rate cuts
USD/INR opens higher ahead of Fed's monetary policy
EUR/JPY slips below 177.00 as traders adopt caution ahead of upcoming BoJ decision
Global attention turns to North America today, with both the BoC and the Fed expected to deliver 25bps rate cuts. The BoC's decision will come first at 13:45 GMT, followed by the Fed's announcement later at 18:00 GMT.
EUR/USD softens below 1.1650 ahead of Fed rate decision
NZD/USD sits near three-week top; stays below 0.5800 amid modest USD uptick, ahead of Fed
Gold recovers further from three-week low as traders await FOMC rate decision
GBP/USD falls to near 1.3250 due to increased BoE rate cut bets, Fed policy awaited
The British Pound failed to stay above 1.3400 against the US Dollar. GBP/USD started a fresh decline and traded below the key support at 1.3350.
Gold and silver have dropped below key levels as a stronger dollar and uncertain U.S.-China trade talks weigh on sentiment, but weak economic data and structural risks keep the long-term outlook bullish.
USD/CAD holds losses below 1.3950 ahead of policy decisions from Fed, BoC
AUD/JPY gathers strength above 100.00 on hot Australian CPI inflation data
Aussie surged sharply on after the hotter-than-expected inflation print shattered hopes for a RBA rate cut next week. Crucially, the upside surprise wasn't confined to energy-driven headline gains.
Traders brace for USD/JPY volatility as Fed and BoJ rate decisions near. Diverging policy paths and intervention risks could push the pair below 150.
PBOC sets USD/CNY reference rate at 7.0843 vs. 7.0856 previous
Gold prices saw a sharp decline in early trade today breaching the $3900/oz handle and touching a three-week low. The selloff this week is down to a host of factors but the main one being increasing hopes of a US-China trade deal which has led to a risk-on environment.
USDCAD currency pair recently reversed down from the resistance zone between the key resistance level 1.4015 (former monthly high from May), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from January.
EURAUD currency pair continues to fall inside the minor correction ii, which started earlier from the resistance level 1.8080 (upper border of the narrow sideways price range inside which the pair has been moving from June).
Gold Price Forecast: XAU/USD falls to near $3,950 on US-China trade optimism
NZD/USD Price Forecast: Rises ahead of Fed as USD softens
Today's twin central bank decisions from the Federal Reserve and Bank of Canada come with high expectations of rate cuts, though the tone and guidance from policymakers will likely dictate market direction. With both central banks seen prioritising growth risks over inflation, attention turns to whether either delivers a surprise that shifts pricing along the curve.
GBP/JPY Price Forecast: Sinks nearly 200 pips, tests 202.00
USD/JPY weakens below 152.50 as Japan's Takaichi eases policy concerns
EUR/USD inches higher as US–China optimism pressures US Dollar
Gold hit a new low before bouncing, forming a hammer, with a rally above recent highs testing resistance.
Barclays expects the ongoing gold bull market to continue providing a fundamental lift to the Peruvian sol (PEN) and South African rand (ZAR), both seen as key gold-sensitive emerging-market currencies. “Gold has been a stand-out performer this year, and we think the bull market still has legs,” the bank said.
The Japanese yen led the majors higher on Tuesday, supported by comments from Japanese officials and US Trade Secretary Scott Besset that eased fears of excessive fiscal stimulus from Japan's new government. While the Bank of Japan (BOJ) is still expected to hold rates steady at 0.25%, Reuters reports policymakers may shift their focus toward future hikes — signalling a potential hawkish tilt.
The Pound to New Zealand Dollar (GBP/NZD) exchange rate slipped on Tuesday as UK fiscal concerns intensified ahead of the Autumn Budget, while the New Zealand Dollar struggled to capitalise amid fading risk appetite. Latest — Exchange Rates:Pound to New Zealand Dollar (GBP/NZD): 2.2959 (-0.62%)Euro to New Zealand Dollar (EUR/NZD): 2.0162.
The Canadian Dollar is on the offensive for a second straight week, with USD/CAD reversing off six-month highs ahead of major event risk. The pair has retreated from uptrend resistance and focus now shifts to whether this pullback marks the start of a larger correction or merely a pause within the broader advance.
Gold slips below $4,000 as US–China trade hopes lift risk appetite
The Pound to US Dollar (GBP/USD) exchange rate slipped on Tuesday as renewed UK fiscal concerns weighed on Sterling ahead of the government's autumn budget. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.32817 (-0.44%)Euro to Dollar (EUR/USD): 1.16636 (+0.11%)Dollar to Japanese Yen (USD/JPY): 152.0495 (-0.42%) DAILY.
The Pound to Euro (GBP/EUR) exchange rate tumbled to fresh lows around 1.138 on Tuesday, as renewed fiscal concerns in the UK weighed on Sterling, while the Euro held firm despite disappointing German data. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.13873 (-0.55%)Pound to Dollar (GBP/USD): 1.32817 (-0.44%)Euro to Dollar.
The US Dollar has continued with higher-highs and higher-lows since the bank's last meeting which was also the start of the current rate cut cycle. And while the Fed is widely-expected to cut again tomorrow, and then again in December, the USD has held up fairly well, all factors considered.
AUD/USD firms as traders brace for Australia Q3 inflation data and Fed decision
USD/JPY declines near 152.00 as Yen strengthens on US-Japan trade progress
The Euro to Pound (EUR/GBP) exchange rate climbed to 0.8785 (+0.58%), its highest level since 2023, as the pound weakened ahead of the UK's November 26 Budget. Foreign exchange analysts at Rabobank note that the Pound Sterling has come under renewed pressure against the single currency, with EUR/GBP breaking above its July high, driven.