New Zealand economic growth data is expected not to impress. Q/q is estimated to have declined and while y/y should improve from Q1 flat is expected. The New Zealand dollar was shunted around overnight by the Federal Open Market Committee and the response.
USD
NZD
Source: Finnhub
Highlights of the FOMC interest rate decision on September 17, 2025
USDJPY
Source: Marketaux
USD/JPY is trading at 146.20, hovering just above the crucial 100-day moving average at 146.175 as markets await the Federal Reserve's rate decision at 2 PM ET. The pair has declined 0.8% this week, pressured by expectations of a Fed rate cut that could narrow the US-Japan yield differential. Market positioning shows traders are split between a 25 or 50 basis point cut, creating heightened volatility. Technical indicators suggest the 100-day MA represents a critical support level - a break below could accelerate selling toward 145.50 (50-day MA), while holding above maintains the upward trend intact. The Bank of Japan's continued accommodative stance provides some support for USD/JPY, but dollar weakness remains the dominant factor. Traders should watch for increased volatility around the Fed announcement, with the size of the rate cut likely determining whether the pair breaks support or rebounds toward 147.00 resistance.
USDJPY
Sentiment:
Negative
Source: Finnhub
The USD Index resists bearish sentiment as the Fed eyes rate cuts, signaling a potential bottom. Mining stocks like GDXJ and platinum flash warnings while gold slips below key levels, pointing to a possible USD comeback.
EURUSD
Source: Marketaux
The dollar index today is up by +0.07%. Weakness in stocks today is boosting some liquidity demand for the dollar. Gains in the dollar are muted after the US Aug housing starts and...
USDJPY
Source: Marketaux
USDCAD advanced modestly following the Bank of Canada's expected 25 basis point rate cut, initially climbing above the 100-day moving average at 1.37623 to reach a session high of 1.3769. The Canadian dollar weakened as the BoC continued its easing cycle, though the pair's momentum quickly faded as traders took profits near resistance. The pair has since retreated below the 100-day MA, currently trading at 1.3758, re-entering a critical swing area between 1.37437 and 1.3759. Technical indicators suggest the pair faces immediate resistance at the 100-day MA and 1.3769 high, while support lies within the swing zone. The BoC's dovish stance contrasts with the Fed's upcoming decision, potentially supporting further USDCAD upside if the Fed maintains a hawkish tilt. Traders should monitor whether the pair can sustain levels above 1.3762 for continuation toward 1.3800.
USDCAD
Sentiment:
Positive
Source: Finnhub
USD/CAD fell 0.4% to 1.3580 following the Bank of Canada's decision to cut interest rates by 25 basis points, as widely anticipated by markets. This marks the BoC's third consecutive rate cut, bringing the overnight rate to 4.25% as the central bank responds to cooling inflation and slowing economic growth. The Canadian dollar strengthened despite the cut, as markets had already priced in the move and focused on the less-dovish tone in the accompanying statement. Oil prices holding above $70/barrel also provided support for the commodity-linked CAD. Technical analysis shows USD/CAD breaking below the 1.3600 psychological level, with next support at 1.3550 (20-day MA). Resistance now sits at 1.3630. The pair's direction will likely depend on today's Fed decision - a larger 50bp cut could push USD/CAD toward 1.3500, while a modest 25bp reduction might see limited downside.
USDCAD
Sentiment:
Neutral
Source: Marketaux
The US Dollar Index (DXY) is trading flat at 100.80 as forex markets enter a holding pattern ahead of the Federal Reserve's pivotal rate decision this afternoon. Major currency pairs show minimal movement, with EUR/USD at 1.1120, GBP/USD at 1.3200, and USD/JPY at 146.20. Market consensus points to the Fed's first rate cut since 2020, though debate continues between a 25bp or 50bp reduction. Fed funds futures currently price in 65% probability of a 50bp cut. Economic data supporting a cut includes cooling inflation (CPI at 2.5%) and softening labor markets. However, GDP growth remains resilient at 3.0%. Beyond the rate decision, traders will scrutinize the dot plot projections and Chair Powell's press conference for clues about the pace of future cuts. A 50bp cut could trigger sharp dollar weakness across all majors, while a 25bp move might actually strengthen USD if markets interpret it as the Fed maintaining a cautious approach.
EURUSD
GBPUSD
USDJPY
Sentiment:
Very Positive
Source: Marketaux
Market sentiment across asset classes and regions remains tethered to the looming interest rate decision by the Federal Reserve, to be announced on Wednesday afternoon.
USDCAD
Sentiment:
Neutral
Source: Marketaux
The USD/CAD forecast indicates a brief rebound in the pair ahead of central bank meetings in Canada and the US.
USDCAD
Source: Marketaux
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
USDJPY
Sentiment:
Neutral
Source: Marketaux
USDJPY faces a critical technical test as broad dollar vulnerability intensifies ahead of the Federal Reserve's policy decision. The pair has been under pressure as markets position for potential Fed dovishness, with traders closely monitoring key support levels that could determine the near-term direction. US Dollar Index futures have shown weakness, reflecting growing concerns about the Fed's policy trajectory amid mixed economic signals. The Japanese yen has found support from its safe-haven status and expectations that the Bank of Japan may continue its gradual policy normalization. Technical analysis reveals USDJPY approaching crucial support zones that have held throughout recent trading ranges. A break below these levels could accelerate yen strength and push the pair toward multi-month lows. Market participants await the Fed's statement and economic projections for clarity on the dollar's path, with any dovish surprise likely to pressure USDJPY further.
USDJPY
Sentiment:
Negative
Source: Marketaux
USDCAD traders face heightened volatility as both the Federal Reserve and Bank of Canada prepare to announce policy decisions and provide forward guidance through their respective statements. The synchronized timing creates potential for significant price swings as markets digest diverging monetary policy paths between the two North American economies. The BoC has already delivered its expected rate cut, weakening the Canadian dollar, while Fed expectations remain divided between a hold and potential dovish signals. Both central bank governors will provide crucial insights into future policy direction and economic outlooks, with particular focus on inflation trajectories and growth concerns. The pair currently hovers near technical inflection points, with the 100-day moving average serving as a key pivot level. Traders should prepare for expanded volatility and potential gaps as the dual announcements could create conflicting directional pressures, making risk management essential during this high-impact event window.
USDCAD
Sentiment:
Negative
Source: Marketaux
The US Dollar Index declined 0.2% as mortgage applications jumped 29.7% week-over-week, signaling potential economic shifts ahead of the Federal Reserve's policy decision. The Market Index surged to 386.1 from 297.7, while refinancing activity soared 57.8% as the 30-year mortgage rate dropped to 6.39% from 6.49%. This dramatic increase in mortgage demand suggests improved housing market sentiment and potential consumer confidence recovery. The data reinforces market expectations for a Fed rate cut, with futures pricing in a 65% probability of a 25-basis-point reduction. While mortgage applications rarely move forex markets directly, the sharp improvement adds to the narrative of moderating inflation and economic conditions that could justify easier monetary policy. USD pairs showed weakness across the board, with EUR/USD testing 1.1100 resistance and GBP/USD approaching 1.3200. Traders should monitor upcoming Fed communications for policy guidance.
EURUSD
GBPUSD
DXY
Sentiment:
Negative
Source: Finnhub
The GBP/USD price analysis shows the pound steady against the dollar as UK inflation remains high, while markets await FOMC.
GBPUSD
Sentiment:
Positive
Source: Marketaux
Digital payment solutions are revolutionizing forex account funding by offering near-instantaneous transfers that bypass conventional banking channels. E-wallets like Skrill have emerged as popular alternatives, allowing traders to preload funds and transfer money to brokers in real-time, eliminating the 1-3 day delays typical of wire transfers. These platforms provide enhanced flexibility for active traders who need quick position adjustments or want to capitalize on sudden market opportunities. The speed advantage is particularly crucial during volatile market conditions when timing can significantly impact trading outcomes. Additional benefits include lower transaction fees compared to international wire transfers and the ability to fund accounts outside traditional banking hours. However, traders should verify broker compatibility and understand any associated fees or limits. As the forex market operates 24/5, these instant funding methods align better with global trading schedules, enabling seamless capital deployment across different time zones.
EURUSD
Sentiment:
Neutral
Source: Marketaux
AUDUSD faces a pivotal week as traders navigate between the imminent Federal Reserve policy decision and upcoming Australian employment figures, creating a two-way risk scenario for the currency pair. The Australian dollar's recent performance has been influenced by mixed domestic economic signals and broad USD movements reflected in the US Dollar Index futures. Market positioning suggests caution ahead of the Fed vote, with any dovish tilt potentially supporting AUDUSD through dollar weakness. Conversely, strong Australian jobs data could provide independent support for the Aussie dollar, particularly if employment growth exceeds expectations. The pair currently trades within a defined range, with technical levels suggesting consolidation ahead of these key events. Traders are advised to monitor both fundamental catalysts closely, as the combination of Fed policy guidance and Australian labor market strength will likely determine whether AUDUSD breaks its recent trading range and establishes a clearer directional trend.
AUDUSD
Sentiment:
Neutral
Source: Marketaux
XAU/USD has pulled back to $3,665 after touching a record high of $3,700 in overnight trading, representing a modest correction from peak levels. Despite today's profit-taking, gold maintains impressive gains of 0.6% weekly and over 6% monthly, defying typical September seasonality patterns. The retracement comes as traders position cautiously ahead of the Federal Reserve's monetary policy decision later today, with markets pricing in potential rate cut scenarios. Technical analysis shows gold preserving its bullish momentum on higher timeframes, with immediate support forming around $3,650 and the psychological $3,700 level now acting as near-term resistance. The precious metal's strength reflects ongoing safe-haven demand amid global economic uncertainties and expectations for a more dovish Fed stance. Traders should monitor the Fed's forward guidance closely, as any hints of accelerated easing could propel gold toward new record territories above $3,700.
XAUUSD
Sentiment:
Very Positive
Source: Finnhub
Gold/USD advanced 0.8% to $2,585, nearing all-time highs as markets increasingly bet on Federal Reserve rate cuts beginning this week. The precious metal has gained 3.2% over the past five sessions, supported by a weakening US Dollar Index which fell to 100.50. Market participants are pricing in an 80% probability of at least a 25-basis-point cut at the upcoming FOMC meeting, with some expecting a more aggressive 50-basis-point reduction. EUR/USD rose to 1.1120 while USD/JPY retreated to 140.80, reflecting broad dollar weakness. Technical indicators show gold breaking above the $2,575 resistance level, with momentum indicators suggesting further upside potential toward $2,600. The metal's strength also reflects ongoing geopolitical uncertainties and persistent inflation concerns despite recent moderation. Traders are positioning for continued dollar weakness, which typically supports gold prices as the metal becomes cheaper for holders of other currencies.
XAUUSD
EURUSD
USDJPY
DXY
Sentiment:
Very Positive
Source: Marketaux
GBP/USD climbed 0.4% to 1.3185 after UK inflation remained unchanged at 3.8% year-over-year, exceeding market expectations of a decline to 3.6%. Core inflation also proved sticky at 4.5%, suggesting the Bank of England faces a challenging decision at its upcoming meeting. The pound strengthened against major peers, with EUR/GBP falling to 0.8430 and GBP/JPY advancing to 185.50. The inflation persistence raises questions about the BoE's ability to ease monetary policy, contrasting with expectations for Fed and ECB rate cuts. Services inflation remained elevated at 5.2%, well above the BoE's comfort zone. Technical analysis shows GBP/USD breaking above the 1.3150 resistance, with the next target at 1.3230. The data suggests the BoE may maintain its hawkish stance longer than other major central banks, potentially supporting sterling strength. Traders should monitor upcoming BoE communications for policy guidance amid this inflation stickiness.
GBPUSD
EURGBP
GBPJPY
Sentiment:
Positive
Source: Marketaux
USD/JPY fell sharply by 1.2% to 140.50 as concerns over new tariffs on Japanese auto exports paradoxically strengthened the yen through risk-off sentiment. The proposed tariffs targeting Honda and Toyota exports could significantly impact Japan's trade balance, with automotive exports representing 20% of total exports. Market participants are speculating the Bank of Japan might accelerate policy normalization to support the currency amid external pressures. The yen gained across the board, with EUR/JPY dropping to 156.20 and GBP/JPY retreating to 185.30. Technical indicators show USD/JPY breaking below the crucial 141.00 support level, opening the path toward 139.50. The auto sector pressure adds complexity to the BoJ's policy decisions, as officials balance domestic growth concerns with currency stability. Traders are increasingly betting on BoJ intervention if the yen strengthens too rapidly, creating a complex trading environment for yen pairs.
USDJPY
EURJPY
GBPJPY
Sentiment:
Negative
Source: Marketaux
EUR/USD holds near 1.1050 as markets await the final Eurozone CPI estimate for August, though minimal volatility is expected given this is a confirmation of preliminary data. The preliminary reading showed Eurozone inflation at 2.2% year-over-year, continuing its gradual decline toward the ECB's 2% target. Core inflation remained sticky at 2.8%, supporting the ECB's cautious approach to monetary policy. The central bank is widely expected to maintain current interest rates at 3.75% following recent 25 basis point cuts. Markets have already priced in the ECB's steady policy stance, limiting potential EUR/USD movement from today's release. Technical indicators show the pair consolidating between 1.1030 support and 1.1080 resistance. Traders are positioning for next week's Fed decision, which carries greater potential to drive EUR/USD direction as dollar strength remains the dominant factor in the pair's movements.
EURUSD
Sentiment:
Neutral
Source: Finnhub
AUD/USD has surged to yearly highs around 0.6780, gaining momentum from multiple market catalysts including weak US services data and positive risk sentiment from Asian markets. The Federal Reserve Bank of New York reported ongoing contraction in the regional services sector, weighing on dollar strength and supporting the Australian currency's advance. Additionally, Alibaba's rally on AI developments has boosted overall market risk appetite, traditionally benefiting the commodity-linked Aussie dollar. The pair has broken above the previous yearly resistance at 0.6750, with technical indicators suggesting continued bullish momentum. Immediate resistance lies at 0.6800, while support has formed at the breakout level of 0.6750. The combination of dollar weakness from soft US economic data and improved risk sentiment from technology sector gains positions AUD/USD for potential further advances, though traders should monitor upcoming Australian employment data for confirmation of domestic economic strength.
AUDUSD
Sentiment:
Very Positive
Source: Marketaux
