USD/JPY remains led by U.S. yields, with Powell's pushback on rate cuts keeping the dollar supported. With key data missing due to the shutdown, Fed commentary and private surveys will set the next move, while bulls hold control above key support.
Over the past four trading sessions, gold has shown a variation of approximately 2.5%, reflecting a lack of clear direction following recent central bank decisions. These moves have given a temporary boost to bond yields, limiting gold's ability to fully regain its previous bullish bias.
Gold hit $4,046 before sellers pushed to $3,972, with $4,086 resistance capping rebounds.
Gold, silver, and mining stocks are not doing much, but at the same time, today's session is very meaningful.
EUR/USD slides to three-month low as Fed's hawkish tone fuels US Dollar rally
GBP/USD falls to seven-month low amid UK fiscal concerns, Fed hawkish tone
Strong dollar put significant pressure on precious metals markets.
The Canadian Dollar rallied after the BoC rate cut on Wednesday, but that move was short-lived as support showed in USD/CAD at the 1.3900 level and the back-half of the week saw buyers regain control of the pair. This sets up a short-term inverse head and shoulders pattern in USD/CAD and if we do see the larger theme of USD-strength continue the pair could soon be trading at fresh six-month highs.
The American currency is moving higher, supported by recent comments from Fed Chair Powell, who signaled that QE would not start in 2025.
The Swiss Franc is back on the defensive this week, with USD/CHF up more than 1.2% in the wake of the Fed rate decision. The three-day advance has extended into technical resistance heading into the weekly and monthly close, and the focus now turns to a potential inflection off this key zone.
Gold fell below $4,000 this week before rebounding slightly, showing hesitation after its strong bullish run. I see potential support near $3,500 and believe a period of sideways movement would be healthy before any renewed uptrend.
Silver prices stall below $50 as sellers defend resistance. Short-term trend stays bearish unless bulls break the $51.07 ceiling.
USD/JPY Price Forecast: Uptrend shows fatigue as RSI divergence hints at short-term pullback
EUR/GBP reverts early gains as ECB holds rates, UK fiscal woes pressure
Pound Sterling Price News and Forecast: GBP/USD extends losing streak against US Dollar for fourth trading day
Gold rallied briefly on Friday before giving back gains, consolidating near $4,000. I see sideways movement as the healthiest outcome, warning that rapid surges risk sharp pullbacks like the recent 7 to 8% drop.
Silver holds steady near $49 amid US fiscal uncertainty, trade truce
Gold price holds $3886.46 support as dollar strength and fading Fed cut bets pressure bulls. Can the 50-day MA keep the gold rally alive?
Silver shows signs of resistance around $49 after a failed rally, with potential downside toward $47 or even $42 if the 50-day EMA breaks. The market appears choppy and possibly forming a topping pattern amid fading retail enthusiasm.
The U.S. dollar continues to strengthen, pressuring both the euro and the British pound. While the euro shows signs of weakness near key support, the pound faces deeper declines, with EUR/GBP potentially breaking higher amid sterling's broad underperformance.
Although both gold and silver fell sharply from their 2025 highs, they remain significantly higher year to date—up roughly 69% for silver and 52% for gold. This keeps the safe-haven demand narrative intact, as investors weigh profit-taking opportunities while cautiously watching for renewed gains toward the $5,000 level.
EUR/CHF holds near two-week highs as Swiss Franc weakens on fading safe-haven demand
Hello fellow traders. In this technical article we're going to take a look at the Elliott Wave charts charts of CADJPY Forex pair published in members area of the website.
Cable extends steep fall into fourth straight day and probes through key supports at 1.3140 zone (Fibo 38.2% of 1.2099/1.3788 rally / former higher base, consisting of May 11 and July 27 lows), hitting the lowest levels since mid-April.
Pound Sterling Price News and Forecast: GBP/USD steep decline extends through key support zone
Gold holds steady near $4,000 amid firm US Dollar and rising yields
USD/CHF trades near two-week high amid Fed caution, SNB dovishness
The US dollar has remained supported post the FOMC rate decision, but as the governments shutdown continues into November, the greenback will find it difficult to maintain those gains without the release of economic data. Among the pairs to watch for a potential reversal is the AUD/USD, which could be pushing higher again soon.
Gold almost hit the target of 4050 early today. As we see over the chart, the market could maintain this trading zone inside the uptrend channel with a resistance zone at 4050-70 and support at 3940-50.
USDJPY managed to hit above the resistance of 154.00-20 which could lead to a further advance. As we see over the Intraday chart, prices face support around 153.25-65 and if the market holds above it, more advance toward 156.70 and 158.50 will be expected.
As we see from our previous chart, the market hit the target and support yesterday at 1.3140 and a few pips below it, with signs of ability to break further lower. If prices hold above 1.3140, a further rebound will be expected with resistance at 1.3250 and 1.3290.
As we see over our previous chart, the Euro seems to be building a Triangle formation at support 1.1545, as resistance at 1.1700 has the chance for a trading zone. The market managed yesterday to test the support of 1.1545.
Investor interest drove Gold demand to record highs in the third quarter – Commerzbank
USD/CNH rises toward 7.1200 on USD strength – BBH
USD/CNH: Likely to range-trade between 7.0920 and 7.1280 – UOB Group
USD/JPY consolidates below 155 amid Yen weakness – BBH
USD/JPY might test 154.50 before a pullback can be expected – UOB Group
EUR/USD holds near 1.1540 after ECB stand pat – BBH
Gold Price Forecast: XAU/USD is struggling to confirm above $4,000
NZD/USD might edge lower and test 0.5720 – UOB Group
AUD/USD weakens to near 0.6540 as US Dollar trades firmly
USD/CAD crawls above 1.4000 favoured by a hawkish Fed, risk-off markets
EUR/JPY stabilizes near record high as ECB holds rates, Yen weakens on fiscal concerns
AUD/USD: Major support at 0.6505 is not expected to come under threat – UOB Group
Today, the EUR/USD pair is trading around 1.1560, close to autumn lows. From this week's high, the pair has fallen by roughly 0.85%, reflecting bearish pressure.
GBP/USD: Major support at 1.3100 is unlikely to come into view – UOB Group
USD/JPY: Tokyo sounds alarm over rapid yen slide – ING
EUR/USD: Next major support at 1.1490 is likely out of reach for now – UOB Group
USD/JPY: BoJ disappoints, MoF soothes – OCBC
EUR/GBP Price Forecast: Euro consolidaties gains around 0.8800
NZD/USD dives further, nears 0.5700 on weak Chinese data, risk aversion
The USD/JPY pair climbed to a nine-month high on Friday, approaching the key 154.00 level. The yen concluded October with losses of approximately 4%, marking a highly unsuccessful month.
EUR/USD hovers near lows with Eurozone inflation on tap
The Pound to Dollar (GBP/USD) exchange rate was largely unchanged on Thursday as markets digested the Federal Reserve's latest rate cut and a cautious message from policymakers. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.31353 (-0.18%)Euro to Dollar (EUR/USD): 1.15606 (-0.1%)Dollar to Japanese Yen (USD/JPY): 154.1915.
The Pound to Euro (GBP/EUR) exchange rate edged lower on Thursday after the European Central Bank (ECB) kept interest rates on hold and struck a tone of calm confidence about the Eurozone economy. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.13606 (-0.1%)Pound to Dollar (GBP/USD): 1.3128 (-0.24%)Euro to Dollar (EUR/USD): 1.15557.
When is the Eurozone Prelim HICP inflation and how could it affect EUR/USD?
The US Dollar steadies near 99.60 as markets weigh Powell's cautious tone, rising Fed rate-cut bets, and renewed US–China trade optimism.
Gold consolidates near $4,014 while silver tests $49.40 resistance amid slowing India demand and renewed buying from China and Singapore.
USD/CAD Price Forecast: Tests 1.4000 barrier after breaking above nine-day EMA
The Swiss National Bank reported a third-quarter profit of 27.93 billion Swiss francs ($35.22 billion), the central bank said on Friday, helped by the booming value of its gold reserves.
EUR/USD Price Forecast: Trades cautiously near two-week low around 1.1570
Pound Sterling Price News and Forecast: GBP/USD holds gains amid increasing Fed rate cut bets in December
GBP/USD treads water above 1.3150 as Fed rate cuts climb
USD/INR moves higher due to US-China trade optimism, receding Fed dovish bets
EUR/JPY holds steady above 178.00, remains close to record high touched on Thursday
Silver Price Forecast: XAG/USD trades firmly near $49.00 ahead of speeches from Fed officials
Looking at the 4-hour chart, the pair settled above 153.00, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The pair even surpassed 154.20 and traded to a new multi-week high.
USD/CAD maintains position near 1.4000 as expectations for further Fed rate cuts diminish
In this technical blog, we analyze the historical performance of the CHFJPY 1-hour Elliott Wave charts, as presented to members of ElliottWave-Forecast. The analysis highlights an impulsive rally that began from the October 15 low and concluded at the October 27 high, which surpassed the prior peak from October 8—signaling a potential bullish extension.
NZD/USD languishes near one-week low, around 0.5735 after China's PMI data
GBPAUD currency pair recently broke the support zone between the support level 2.0250 (which stopped the previous impulse wave i) and the support trendline of the daily down channel from July.
CADJPY currency pair recently broke the resistance zone between the resistance level 109.60 (which stopped wave (1) at the start of October) and the 50% Fibonacci correction of the downtrend from July of 2024.
AUD/USD remains near 0.6550 following China's NBS PMI data
Gold edges higher on safe-haven flows; remains below $4,050 amid Fed's hawkish tilt
Tokyo's inflation data surprised to the upside, with all key measures accelerating and staying well above the BOJ's 2% target. While that's reignited talk of a potential rate hike, Governor Ueda's cautious stance and focus on spring wage negotiations suggest any move may be delayed.
EUR/USD defends 1.1550-40 support as USD consolidates post-FOMC gains, lacks follow-through
PBOC sets USD/CNY reference rate at 7.0880 vs. 7.0864 previous
USD/JPY trades below 154.00 as Tokyo CPI figures remain above BoJ's target
Tokyo inflation jumps and retail sales recover, signaling economic momentum. Traders eye BoJ policy shifts as USD/JPY retreats near the 153.8 level.
GBP/USD tests six months lows as Pound Sterling continues to sink
AUD/USD Price Forecast: Slips below 0.66 on US Dollar strength
The Pound to Canadian Dollar (GBP/CAD) exchange rate steadied on Thursday after a volatile week, holding just above multi-month lows as traders digested a hawkish rate cut from the Bank of Canada (BoC) and lingering fiscal worries in the UK. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.83917 (-0.03%)Euro to Canadian.
The US dollar is showing renewed strength as DXY approaches a key breakout zone. Both EUR/USD and GBP/USD are testing support, while USD/JPY continues to rally after the Bank of Japan refrained from signalling imminent rate hikes.
Gold consolidated with buyers in control, hitting $4,027, with $4,079 resistance next if momentum holds.
EUR/USD sinks below 1.16 as Fed's hawkish cut and ECB hold weigh on Euro
The British Pound is poised to mark a second weekly decline with GBP/USD plunging to six-month lows in the wake of the Fed rate decision. A break of the October range has now extended nearly 4.9% off the yearly highs and keeps the focus on a pivotal support zone into the November open.
The US Dollar has punched up to a fresh two month high on the heels of the FOMC rate decision, with some assistance from both the Euro and Japanese Yen following ECB and BoJ rate decisions. Today's price action has seen support at a familiar Fibonacci level of 98.98, and DXY has so far shied away from a test of the psychological level of 100 which is the next significant spot of resistance sitting overhead.
USD/CHF steady near two-week high amid Fed caution and dovish SNB remarks
Gold jumps as Fed cut offsets Powell's hawkish tone
USD/JPY extends rally to February highs, focus shifts to Japan CPI and retail data
Traders bet that Fed will start a QE program in 2026.
Rising Treasury yields provide additional support to the American currency.
During the latest trading session, the USD/CAD pair maintained a steady bullish bias, posting a price gain of around 0.3% in the short term. For now, buying pressure has reemerged following the monetary policy decisions from both the Bank of Canada and the U.S. Federal Reserve, where it was hinted that the Fed could adopt a more aggressive stance on interest rates in December.
Pound Sterling Price News and Forecast: GBP/USD sinks below 1.32
USD strength showed around the FOMC meeting yesterday as Powell didn't sound as dovish as markets were expecting or hoping for. He wasn't exactly hawkish but he said that a December rate cut wasn't a foregone conclusion, and the lack of data from the ongoing government shutdown wasn't necessarily being construed as an item denoting greater labor market weakness.
AUD/USD weakens as US Dollar gains on trade truce, hawkish Fed comments
GBP/USD sinks below 1.32 as Powell's “hawkish cut” strengthens Dollar
Silver is tightening again – TDS
Silver Price Forecast: XAG/USD steadies above 50-day SMA after sharp 16% correction
EUR/GBP holds firm as ECB decision contrasts with UK economic challenges