The persistent US government shutdown has generally kept a lid on runaway volatility across major forex pairs. Fortunately, traders still had some action this week — with a mini-rout in gold and an explosive move higher in crude oil prices keeping things lively.
Gold held steady within Wednesday's range, testing $4,066 support, with a close above $4,161 eyeing a bull hammer breakout.
The GBPUSD fell to a new session low in U.S. trading but failed to break below yesterday's low of 1.33049, bottoming instead at 1.3309 before rebounding slightly to 1.3319. That gives a dip buyers some hope.
The Australian Dollar is consolidating in a well-defined range just above median-line support, with AUD/USD coiling ahead of key event risk. The broader outlook remains weighted to the downside while within this formation, but the immediate focus is on a breakout here for guidance.
USD/JPY gains momentum ahead of twin inflation releases from Japan and the United States
Gold bounces above $4,100 as buyers step in ahead of US CPI
Oil prices have exploded higher and the rally is only just getting started.
USD/CHF edges lower as SNB rules out negative interest rates
The American currency is moving higher, supported by rising Treasury yields.
Gold pulled back aggressively earlier in the week but bulls have already responded with a bounce above the $4k level. This however begs the question as to whether buyers can drive to fresh highs or whether a deeper round of consolidation is due.
Pound Sterling Price News and Forecast: GBP/USD slips as softer UK inflation boosts BoE dovish bets
AUD/USD gains on commodity strength as US inflation data, Fed rate cut eyed
USD/CAD steadies as stronger US Dollar offsets support from rising oil prices
GBP/USD slips as softer UK inflation boosts BoE dovish bets
EUR/JPY advances as Yen falters on fiscal concerns, Eurozone yield gap
EUR/GBP extends gains as BoE dovish tone and fiscal concerns weigh on Sterling
Gold hit another correction yesterday but managed to remain above the support of 4004. As we see over the chart, the market still faces the main resistance zone at 4160-90, where as long as gold remains below it, the downtrend pressure could sustain for another drop swing towards the 4004-20 zone.
USDJPY managed to meet the first target at the resistance 152.60. As we see from the Intraday chart, the market is facing a support zone at 151.05-40, where if prices hold above it, more advance toward 152.60 and 154.65 will be expected.
GBPUSD tested the support of 1.3320 yesterday and fell a few pips below. Signals coming from the market show downtrend pressure with the chance for a trading zone, with support at 1.3250 and resistance at 1.3480-1.3535.
The Euro printed a low around 1.1576 yesterday, while the market still holds above the support at 1.1545, giving the chance for another rebound. Prices still face support at 1.1545, whilst the resistance zone at 1.1725-75 could create a trading zone here.
Gold was bouncing back at the time of writing after a rather volatile last few days, to climb back above the $4100 level. A big 8% drop in the space of two days from its record high that was hit just on Monday wiped out approx.
The British Pound continues to weaken, with GBP/USD sliding for a fifth consecutive session as price approaches confluent support at the median-line. The focus is on whether this zone can prompt a reaction or if the broader decline will extend into next week.
The gold market continues to attempt to find a bottom on Thursday, as we attempt to recover overall. After the massive selling, it is a market that is still a bit in shock.
The silver market continues to see inflow on Thursday, despite the massive selling that we have seen recently. With this, the market looks to bounce, but be careful, drops like we have seen rarely happen in a vacuum.
The Euro eased on Thursday morning and signal that near-term bears off 1.1728 (Oct 17 lower top) are regaining control after limited and short-lived recovery attempts on Wednesday.
The US dollar continues to strengthen overall in the early hours of Thursday trading. At this point in time, the greenback continues to attract inflows as it has since the FOMC meeting.
Silver climbs as safe-haven demand, Fed rate cut bets drive gains
GBP/JPY Price Forecast: Pound crawls towards 204.00 on Yen weakness
Silver Price Forecast: XAG/USD attracts bids near $48 on renewed Sino-US trade tensions
USD/CNH: Likely to trade between 7.1220 and 7.1320 – UOB Group
In line with the DXY's strength — though still below key resistance — USDJPY is climbing back toward the upper boundary of a rising channel, connecting consecutive higher highs since May 2025 near the 153 level.
Silver market outlook remains range-bound, with a breakout above $51.01 or drop to $44.22 possible. Get the full silver price prediction and forecast.
USD/JPY: Likely to trade trade between 150.00 and 153.00 – UOB Group
Gold price steadies after $4381.44 peak drop. Bulls eye $4192.86 breakout or pullback to $3741.61 value zone.
NZD/USD: Likely to trade in a range of 0.5725/0.5755 – UOB Group
USD/CAD trades steadily near 1.40 – BBH
Gold gains on safe-haven demand amid US shutdown and trade tensions
AUD/USD: Expected to trade in a sideways range of 0.6445/0.6555 – UOB Group
USD/JPY rallies beyond 152.50 on speculation about Japan's stimulus
GBP/USD: Likely to trade in a sideways range of 1.3330/1.3380 – UOB Group
Silver price today: Silver rises, according to FXStreet data
EUR/JPY Price Forecast: Could target record highs on a successful break above 177.00
USD/JPY: Interim upside risks – OCBC
EUR/USD: Likely to trade in a range between 1.1580 and 1.1625 – UOB Group
AUD/USD gains sharply to near 0.6510, broadly remains confined ahead of US inflation data
USD/CHF eases from 0.7980 following the release of the SNB minutes
Gold: Bulls need to reclaim 4130 – OCBC
EUR/GBP Price Forecasts: Trapped in a tightening range around 0.8700
The US Dollar steadies near 99.00 as traders await the Trump-Xi meeting, balancing Fed rate cut bets with renewed trade optimism.
Easing US-China tensions and weak post-Diwali demand weigh on gold, but silver finds support from Fed rate cut hopes and robust manufacturing demand.
USD/CAD Price Forecast: Remains below 1.4000, tests lower ascending channel boundary
EUR/USD ticks lower as US Dollar edges up amid fresh trade tensions
The USD/ZAR exchange rate has remained in a tight range in the past few months as the recent crash faded. It was trading at 17.40 on Friday, up slightly from the year-to-date low of 17.06.
NZD/USD holds steady below 0.5750, US-China trade talks in focus
EUR/USD edges down to near 1.1600 as US Dollar bounces back, US inflation data in focus
AUD/JPY Price Forecast: Extends the rally, first upside barrier emerges near 99.50
Pound Sterling Price News and Forecast: GBP/USD falls due to increased risk aversion
GBP/USD slips below 1.3350 as traders adopt caution due to US data blackout
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
USD/INR ticks higher as US Dollar rebounds despite ongoing US-China trade tensions
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold is trading back up to little changed around $4,089 now after some light selling in Asia, with the low touching $4,066. It's not as drastic as the kind of selling and profit-taking from yesterday but it still suggests more tentative price action.
USD/JPY gains near 152.50 as traders expect Takaichi to back accommodative policies
Fundamental drivers aren't really impacting the Australian dollar right now. There's plenty of uncertainty around how the Trump–Xi meeting will play out, risk assets look stretched but haven't delivered a significant drawdown yet, and the Fed is expected to cut rates next week regardless of tomorrow's inflation report.
Silver Price Forecast: XAG/USD moves above $48.50 due to increased safe-haven demand
The 4-hour chart of XAU/USD indicates that the price settled above the $4,000 level, the 100 Simple Moving Average (red, 4 hours), and the 200 Simple Moving Average (green, 4 hours). The upward move was such that the price spiked above $4,350.
GBPCAD currency pair recently reversed down from the resistance area located between the resistance levels 1.8835 and 1.8900 (which has been reversing the price from June).
Pullback from new record high ($54.64) started on Friday and accelerated on Tuesday, as traders opted for more aggressive profit-taking, dragged by strong pullback of gold price and stronger dollar.
Gold tumbles as traders book profits ahead of key US inflation data
USD/CAD holds losses below 1.4000 ahead of Canadian Retail Sales data
GBP/USD extends into a fourth down day as Cable pressure wanes
USD/JPY posts modest losses below 192.00 as US government shutdown continues
NZD/USD Price Forecast: Stuck in narrow range, waiting for catalyst
The US dollar's rebound appears to be running out of steam, raising the prospect of a recovery in EUR/USD and GBP/USD ahead of key US data releases. With inflation figures still due despite the government shutdown and jobless claims on schedule, weaker-than-expected readings could quickly undermine the greenback and reignite bullish momentum in the euro and British pound.
The Pound to Euro (GBP/EUR) exchange rate slumped on Wednesday after a weaker-than-expected UK inflation print reignited speculation of an earlier Bank of England rate cut. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.1502 (-0.17%)Pound to Dollar (GBP/USD): 1.33565 (-0.07%)Euro to Dollar (EUR/USD): 1.16124 (+0.11%) DAILY.
The Pound to Australian Dollar (GBP/AUD) exchange rate dropped sharply on Wednesday after weaker-than-expected UK inflation data reignited expectations for a Bank of England rate cut before year-end. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 2.05765 (-0.07%)Pound to Dollar (GBP/USD): 1.33565 (-0.07%)Australian.
EUR/USD steady around 1.1600 as markets wait for US CPI
Gold dipped to $4,003, finding 20-day support, with a close above $4,161 eyeing a hammer breakout.
The Euro to Dollar (EUR/USD) exchange rate has continued to edge lower and is trading at 1-week lows close to the 1.16 level. The dollar has secured net gains while overall uncertainty has intensified amid the US government shutdown, US-China trade wars and a surge in gold.
Gold extends losses ahead of key US inflation report
USD/CHF steadies on trade optimism, Swiss deflation pressures
Silver markets also remain under pressure amid profit-taking.
The American currency is moving lower as forex traders take some profits of the table after the recent move.
Pound Sterling Price News and Forecast: GBP/USD steady near 1.3360 post soft UK CPI
I looked at USD/CAD yesterday and despite being bullish on the pair for the past few months there was mounting evidence of pullback and possibly even reversal potential. That's taken another step forward this morning with a pull back below the 1.4000 psychological level while also showing a downside break of the rising wedge formation.
The EUR/USD was testing the 1.160 support area at the time of writing and bouncing back from its earlier lows. The lack of follow-through on the dollar side is keeping the pair from breaking lower.
Bloomberg is reporting that the UK government may announce emergency measures to boost London housebuilding as soon as Thursday, a headline that sparked a late-session spike higher in the GBPUSD as London and European traders wrapped up their day.
AUD/USD rises modestly on trade optimism as eyes turn to PMI, US inflation
EUR/USD Price Forecast: Euro finds footing as US Dollar slips from one-week highs
GBP/USD steady near 1.3360 post soft UK CPI
Gold prices pulled back sharply after reversing off multi-month uptrend resistance, with XAU/USD down nearly 9% from the record high. The decline is now testing the first major support zone at the median-line, and the focus is on a potential inflection off this slope.
Japan's first female Prime Minister, Sanae Takaichi, isn't wasting any time getting started on her agenda. Within hours of her official election, she formed her cabinet and instructed them to put together “large economic stimulus” package to tackle inflation.
EUR/JPY steadies near 176.00 as Japan's stimulus and BoJ-ECB divergence weigh
What the heck happened to gold?! Here's what the pros are saying, and what traders should watch this week.
The gold market continues to face significant pressure, this time to the downside. At this point, the market is seeing a lot of damage at this point, and the market is likely to see continued volatility.
The silver market dropped a bit in the early hours of Wednesday, as it looks like the $47 level is important in this market, and we should see some kind of major reaction sooner or later in this commodity.