AUD/USD has staged a recovery from earlier session lows, bouncing off a critical support area around August's swing lows before advancing to test the 200-day moving average resistance. The pair found buying interest after sellers failed to break below the key long-term support zone, prompting a technical rebound. However, the recovery rally has encountered significant resistance at the 200-day MA level, creating a technical sandwich pattern on the 4-hour chart. This price action suggests a battle between buyers defending the swing area support and sellers protecting the moving average resistance. Traders are closely monitoring whether the pair can break above the 200-day MA to signal further upside potential, or if rejection at this level leads to another test of support. The technical setup indicates near-term consolidation is likely while the market decides on directional bias.
AUDUSD
Sentiment:
Neutral
Source: Finnhub
USD pairs face increased uncertainty as the Bureau of Labor Statistics has canceled October's CPI report, with November data now scheduled for November 18th. This unprecedented delay means the release will occur after the Federal Reserve's December 10th FOMC meeting, potentially limiting the central bank's inflation data visibility for its rate decision. The November report will exclude month-over-month comparisons due to the missing October data, complicating inflation trend analysis. Markets are likely to see heightened USD volatility as traders lack crucial inflation guidance that typically influences Fed policy expectations. The data gap creates additional challenges for positioning in major pairs like EUR/USD and USD/JPY. Technical traders should prepare for potential whipsaw movements as the market adjusts to this unusual situation, with the dollar's direction remaining uncertain until clearer inflation signals emerge.
EURUSD
USDJPY
Sentiment:
Neutral
Source: Finnhub
The US dollar showed mixed performance as conflicting signals from employment data and Federal Reserve commentary created uncertainty in forex markets. Mixed job market indicators have dampened expectations for aggressive Fed rate cuts, providing some support for the greenback. However, dovish comments from a Fed official have offset this hawkish interpretation, leaving traders cautious about the central bank's policy trajectory. The contrasting signals have resulted in choppy price action across major dollar pairs as market participants struggle to determine the Fed's next move. Currency markets remain in a wait-and-see mode, with sentiment staying cautious amid the conflicting fundamental drivers. Traders are likely to remain on the sidelines until clearer signals emerge from upcoming economic data or additional Fed commentary to provide better directional clarity for dollar positioning.
USD
Sentiment:
Very Negative
Source: Marketaux
USD/JPY experienced notable volatility during Thursday's session as the yen reacted to mixed global market signals. The pair fluctuated within a 50-pip range as traders digested ECB officials' optimistic economic tone, which boosted risk sentiment and traditionally weakens the safe-haven yen. Walmart's analyst upgrades and raised price targets added to positive US retail sector sentiment, supporting the dollar. However, the yen's traditional volatility patterns kept the pair unstable, with traders monitoring potential Bank of Japan intervention levels near 152.00. The ECB's confident stance on European economic recovery created spillover effects in forex markets, pressuring funding currencies like the yen. Technical indicators suggest USD/JPY remains in a consolidation phase between 150.50 support and 151.80 resistance. Traders should watch for any shifts in risk sentiment or unexpected BoJ commentary that could trigger sharper moves in either direction.
USDJPY
Sentiment:
Positive
Source: Marketaux
Market sentiment has turned defensive following Fed Chair Powell's hawkish comments that a December rate cut is 'far from a foregone conclusion.' This statement triggered a sharp repricing in interest rate expectations, with December cut probability falling from 80% to 55% over the past week. The S&P 500 has declined 2.3% since Powell's press conference, while the VIX volatility index jumped to 18.5. The dollar index strengthened 0.8% as traders adjusted positions for potentially higher-for-longer rates. Bond yields surged with the 10-year Treasury climbing 15 basis points to 4.45%. Technical indicators suggest the risk-off sentiment could persist, with major equity indices breaking below key moving averages. Currency markets reflect this shift as safe-haven flows boost USD and JPY against risk-sensitive currencies. Traders should monitor upcoming Fed speakers and economic data for signs of policy direction clarity.
USDJPY
EURUSD
GBPUSD
Sentiment:
Negative
Source: Finnhub
EUR/USD gained 0.4% to 1.0565 as contrasting PMI data between Europe and the US narrowed yield differentials. Eurozone Manufacturing PMI surprised to the upside at 45.2 versus 44.8 expected, while Services PMI held steady at 49.5. In contrast, US Manufacturing PMI disappointed at 48.8, missing the 49.5 forecast. The data divergence caused German 10-year yields to rise 8 basis points while US yields fell 5 basis points, compressing the spread to 195 basis points. This yield convergence provided support for the euro despite overall weakness in European economic fundamentals. Technical analysis shows EUR/USD bounced from 1.0520 support and faces immediate resistance at 1.0580, coinciding with the 50-day moving average. A sustained break above could target 1.0620. However, the broader downtrend remains intact with the ECB expected to cut rates faster than the Fed in 2025.
EURUSD
Sentiment:
Positive
Source: Marketaux
GBP/USD retreated 0.4% from daily highs near 1.3100 to 1.3045 following disappointing UK retail sales data that reinforced expectations for a dovish Bank of England stance. October retail sales fell 0.3% month-over-month, missing forecasts of 0.1% growth and marking the first decline in three months. The weak consumer spending data adds to mounting evidence of softening UK domestic demand, increasing pressure on the BoE to consider more aggressive rate cuts. Sterling's weakness accelerated as traders priced in higher probability of a December rate reduction. Technical analysis shows GBP/USD breaking below the 1.3070 support level, with next major support at 1.3000 psychological level. The pair faces resistance at 1.3120 (previous support turned resistance). With UK economic momentum fading and the BoE likely to maintain its dovish trajectory, further sterling weakness appears probable in the near term.
GBPUSD
Sentiment:
Negative
Source: Marketaux
The dollar index retreated 0.6% to 106.20 as major pairs staged recoveries against the greenback. EUR/USD found support at 1.0500 and climbed to 1.0545, helped by short covering ahead of month-end flows. The biggest move came in USDJPY, which plunged 1.2% to 155.30 after suspected Bank of Japan intervention. Japanese officials reportedly conducted operations totaling $5-7 billion to defend the yen following its breach of 157.00. Gold benefited from dollar weakness, rising 0.8% to $2,352. Market positioning data shows speculators remain heavily long dollars, suggesting potential for further unwinding if US data disappoints. Technical indicators point to dollar exhaustion after its recent rally, with RSI readings in overbought territory across multiple timeframes. Traders await Friday's US PCE inflation data, which could determine whether the dollar correction extends or reverses.
EURUSD
USDJPY
XAUUSD
Sentiment:
Negative
Source: Marketaux
EUR/USD maintains its position above critical 1.0500 support, trading at 1.0535 despite ongoing fundamental challenges for the euro. The pair has shown resilience after testing multi-month lows, with buyers defending the psychological level for the third consecutive session. USDJPY continues to dominate headlines, falling 0.9% to 155.80 on persistent intervention fears. EURCHF remains under pressure at 0.9320 as the Swiss franc benefits from safe-haven flows amid European political uncertainty. The dollar index consolidates near 106.50 after its recent surge. Technical analysis reveals EUR/USD forming a potential double bottom at 1.0500, though upside appears limited with resistance at 1.0580-1.0600. Daily momentum indicators remain bearish but show early signs of divergence. Options data indicates heavy interest at 1.0500 strikes, suggesting this level will remain pivotal. Near-term direction likely depends on upcoming ECB officials' speeches and US durable goods data.
EURUSD
USDJPY
EURCHF
Sentiment:
Neutral
Source: Marketaux
EUR/USD advanced 0.25% to 1.0580 following better-than-expected French PMI data, with services activity returning to expansion territory. The French Services PMI jumped to 50.8 in November from 48.0, significantly exceeding forecasts of 48.4 and moving above the crucial 50-mark that separates expansion from contraction. Manufacturing PMI came in at 47.8, missing expectations of 49.0 but showing improvement from 48.8. The composite PMI reached 49.9, just shy of the expansion threshold but well above the projected 48.1. This data suggests stabilization in France's economy after October's political turmoil-induced decline. The euro found support as markets interpreted the data as reducing pressure on the ECB to implement aggressive rate cuts. Technical resistance for EUR/USD sits at 1.0600, with support established at 1.0550. Traders await German PMI data later today for further direction on euro strength.
EURUSD
Sentiment:
Positive
Source: Finnhub
USDCAD has extended its bullish momentum for a second consecutive day, rising approximately 0.4% to breach the 1.4079 swing level before encountering selling pressure at the 1.4105 resistance zone. The pair's upward trajectory reflects continued USD strength amid hawkish Federal Reserve expectations and declining oil prices weighing on the Canadian dollar. Technical analysis shows the pair successfully broke above the key 1.4079 level, which had previously acted as resistance, but sellers emerged at the next significant barrier near 1.4105. This price action suggests traders are taking profits at these levels after the recent rally. The immediate support now lies at the broken 1.4079 level, which could act as a new floor if the bullish momentum continues. A decisive break above 1.4105 would open the path toward the 1.4150 psychological level, while failure to hold above 1.4079 could trigger a pullback toward 1.4050.
USDCAD
Sentiment:
Positive
Source: Finnhub
Walmart shares surged 3.6% in pre-market trading following robust Q3 earnings that paint an optimistic picture of US consumer health ahead of the Federal Reserve's next policy meeting. The retail giant reported impressive 4.5% comparable sales growth in the US, prompting management to raise full-year sales guidance to 4.8-5.1%. This strong consumer spending data suggests the US economy remains resilient despite elevated interest rates, potentially reducing pressure on the Fed to cut rates aggressively. The positive retail sales momentum supports USD strength across major pairs, particularly against currencies where central banks maintain dovish stances. Technical traders should monitor EURUSD support at 1.0500 and GBPUSD at 1.2600, as continued consumer resilience could reinforce dollar buying. The data implies the Fed may maintain its hawkish bias longer than markets anticipated, potentially limiting downside for USD pairs through year-end.
EURUSD
GBPUSD
USDJPY
Sentiment:
Positive
Source: Finnhub
EUR/USD has stabilized around 1.0550 following recent declines, finding technical support at the psychological level while USD/JPY remains vulnerable below the 155.00 threshold. The euro's resilience comes despite broad dollar strength, suggesting potential exhaustion in the greenback's recent rally. USD/JPY faces increasing downward pressure as Japanese officials maintain verbal intervention warnings, with the pair testing critical support at 154.50. GBP/USD continues to underperform at 1.2650, weighed by UK economic concerns, while AUD/USD hovers near 0.6500 amid mixed commodity signals. Technical indicators suggest EUR/USD may attempt a relief rally toward 1.0600 resistance if it maintains above 1.0530 support. The divergent performance across dollar pairs indicates selective positioning rather than broad USD momentum, with traders closely monitoring upcoming US economic data for directional cues.
EURUSD
GBPUSD
USDJPY
AUDUSD
Sentiment:
Neutral
Source: Marketaux
GBP/USD has declined sharply during Thursday's London session, falling 0.5% to break below the psychological 1.3050 support level before finding mild buying interest near 1.3030. The pound's weakness stems from growing market expectations for a more dovish Bank of England stance, with traders pricing in potential rate cuts amid slowing UK economic growth. Simultaneously, the US dollar continues to strengthen on robust economic data and hawkish Federal Reserve positioning. The pair's breakdown below 1.3050 marks a significant technical development, potentially signaling a shift from the recent consolidation phase to a more pronounced downtrend. Near-term resistance now sits at the broken 1.3050 level, while support emerges around 1.3000, a key psychological barrier. The bearish momentum could accelerate if upcoming UK economic data disappoints or if the BoE signals a more accommodative policy stance, potentially driving the pair toward the 1.2950 support zone.
GBPUSD
Sentiment:
Very Negative
Source: Marketaux
USD/JPY remains in focus as the pair tests critical technical levels amid mixed US economic signals and Bank of Japan policy expectations. The dollar-yen pair is consolidating near recent highs while traders assess the divergent monetary policy paths between the Federal Reserve and the Bank of Japan. The FTSE 100 index shows resilience, supported by strong performance in tech stocks including NVIDIA, which continues to influence global equity sentiment. Technical analysis suggests USD/JPY faces immediate resistance at the 150.50 level, with support established at 149.20. The US Dollar Index futures indicate continued strength in the greenback, though momentum appears to be moderating. For the FTSE 100, the 7,500 level remains a key psychological barrier, with underlying support at 7,400. Traders should monitor upcoming US economic data releases and any signals from the Bank of Japan regarding potential policy adjustments, as these factors could trigger significant moves in both USD/JPY and equity markets.
USDJPY
Sentiment:
Positive
Source: Marketaux
GBP/USD has fallen sharply by 0.8% (100 pips) to 1.2620, pressured by disappointing UK economic data and persistent dollar strength. The decline accelerated after UK inflation data came in softer than expected, reducing expectations for Bank of England rate hikes. USD/JPY remains under pressure near 154.70 despite the broad dollar bid, as intervention concerns cap gains. Market participants are also monitoring NVIDIA earnings for potential risk sentiment shifts that could impact safe-haven flows. The US Dollar Index has pushed above 106.50, reaching multi-month highs as traders price in a more hawkish Federal Reserve outlook. Technical analysis shows GBP/USD breaking below the 1.2650 support level, opening the path toward 1.2580. Immediate resistance now sits at 1.2680, with momentum indicators suggesting further sterling weakness ahead unless UK data improves markedly.
GBPUSD
USDJPY
Sentiment:
Very Negative
Source: Marketaux
The US dollar's recent rally appears overextended across major pairs, with technical indicators flashing overbought signals despite growing uncertainty about a December Federal Reserve rate cut. EUR/USD trades near 1.0540, showing signs of consolidation after dropping from 1.0650 last week. GBP/USD hovers at 1.2640, finding support despite UK economic headwinds, while USD/JPY faces resistance at 155.00 amid intervention warnings. EUR/GBP has climbed to 0.8350, reflecting relative euro strength against the pound. Market pricing now shows only a 60% probability of a December Fed cut, down from 80% two weeks ago, supporting the dollar's gains. However, positioning data reveals extreme long USD positions, suggesting vulnerability to profit-taking. Key support levels to watch include 1.0520 for EUR/USD and 1.2600 for GBP/USD, with any dovish Fed communications potentially triggering sharp reversals.
EURUSD
GBPUSD
USDJPY
EURGBP
Sentiment:
Neutral
Source: Marketaux
The US dollar enters consolidation mode as markets await Friday's crucial Non-Farm Payrolls report, with USD/JPY testing key support at 154.50 amid foggy market conditions. The pair has declined 0.4% (60 pips) from yesterday's highs as Japanese officials intensify verbal warnings about excessive yen weakness. AUD/USD remains range-bound near 0.6480, caught between dollar strength and steady commodity prices. The US Dollar Index holds above 106.30, maintaining its bullish structure despite the pre-NFP hesitation. Market consensus expects 185,000 jobs added in November, with any significant deviation likely to trigger volatility across dollar pairs. Technical analysis shows USD/JPY forming a potential double top at 155.20, while AUD/USD faces resistance at 0.6520. Traders are advised to reduce positions ahead of the employment data, as recent NFP releases have caused average moves of 80-100 pips in major pairs.
USDJPY
AUDUSD
Sentiment:
Neutral
Source: Marketaux
GBP/USD has declined sharply to 1.3060, marking a significant drop as sterling faces pressure from deteriorating UK economic fundamentals and persistent dollar strength. The pair has fallen through multiple support levels, with traders citing concerns over UK inflation dynamics and potential Bank of England policy constraints. Recent UK economic data has disappointed, while the US dollar maintains its appeal ahead of key economic releases. Technical indicators suggest oversold conditions, but momentum remains firmly bearish. Immediate support lies at 1.3050, coinciding with the psychological level and previous monthly lows. Resistance is now seen at 1.3100-1.3120 zone. Traders are closely monitoring upcoming UK GDP data and any shifts in BoE rhetoric that could either accelerate the decline toward 1.3000 or trigger a relief rally. The prevailing sentiment remains negative for sterling in the near term.
GBPUSD
Sentiment:
Very Negative
Source: Marketaux
The US dollar is experiencing heightened volatility as markets await the delayed September Non-Farm Payrolls report, which could significantly influence Federal Reserve policy decisions. Despite being historical data, analysts expect the employment figures to provide crucial insights into labor market resilience and wage growth trends. USD/JPY remains particularly sensitive, hovering near key technical levels as traders position for potential Fed pivot signals. The Dollar Index (DXY) has consolidated around recent highs, with markets pricing in various scenarios for the Fed's next move. Consensus expects September payrolls around 150K, with unemployment rate holding at 4.2%. Any significant deviation could trigger sharp moves across major pairs. Technical analysis shows USD/JPY testing resistance at 151.00, while support holds at 149.50. A strong NFP print could push the pair toward 152.00, while disappointment might see a retreat to 148.00.
USDJPY
DXY
Sentiment:
Neutral
Source: Marketaux
