XAG/USD has skyrocketed approximately 3.2% ($2.00) to trade above $64.00 per ounce, marking a new all-time high and capping an extraordinary 120% year-to-date rally. The precious metal's parabolic move is fueled by a chronic supply deficit entering its fifth consecutive year, with global demand significantly outpacing production. Industrial consumption, particularly from solar panel manufacturing and electronics sectors, continues to surge while mine supply remains constrained. The gold-silver ratio has compressed dramatically, suggesting further upside potential as investors rotate into the historically undervalued metal. Technical indicators show extremely overbought conditions, with immediate resistance at $65.00 psychological level and support forming at $62.50. The explosive rally in silver is creating ripple effects across commodity currencies, particularly benefiting AUD/USD and NZD/USD pairs. Traders should monitor potential profit-taking at these elevated levels while the fundamental supply-demand imbalance suggests sustained bullish momentum.
XAGUSD
XAUUSD
AUDUSD
NZDUSD
Sentiment:
Very Positive
Source: Finnhub
EUR/USD has extended its bullish momentum, breaking above multiple technical resistance levels following the Federal Reserve's recent rate cut decision. The pair has capitalized on declining US Treasury yields, which have continued their downward trajectory in response to the Fed's dovish monetary policy stance. The persistent fall in yields has significantly weakened the US dollar across the board, providing strong tailwinds for the euro. Technical indicators show EUR/USD has breached the October resistance zone, signaling potential for further upside movement. The breakdown in US yields reinforces market expectations of a more accommodative Fed policy path ahead, maintaining pressure on the greenback. Traders should monitor the sustainability of this breakout, with immediate resistance likely at recent highs while support has formed at the broken October levels. The technical picture remains constructive for EUR/USD as long as US yields continue their descent.
EURUSD
Sentiment:
Very Positive
Source: Finnhub
The US Dollar Index maintained its position near 106.50 following the Federal Reserve's latest FOMC meeting, with technical analysis showing bullish momentum intact. The Fed held rates steady at 5.25-5.50% as expected, while maintaining a cautious tone on future rate cuts amid persistent inflation concerns. Technical indicators on the Dow Jones suggest continued dollar strength, with key support established at 106.00 and resistance at 107.20. The simplified technical approach highlighted in the analysis focuses on clean price action without excessive indicators, revealing a bullish flag pattern formation. Major USD pairs showed mixed reactions, with EUR/USD trading near 1.0500 and GBP/USD hovering around 1.2700. Traders are now positioning for potential dollar strength continuation, particularly if upcoming US economic data supports the Fed's hawkish stance. The technical setup suggests bulls remain in control as long as the 106.00 support level holds.
EURUSD
GBPUSD
USDJPY
Sentiment:
Positive
Source: Finnhub
The US Dollar Index (DXY) declined 0.5% to 106.20 following the Federal Reserve's 25 basis point rate cut, bringing the federal funds rate to 4.25-4.50%. Treasury yields tumbled across the curve, with the 10-year yield dropping 8 basis points to 4.52%, pressuring the greenback lower. GBP/USD surged 0.8% to 1.2780, while USD/CHF fell 0.6% to 0.8920 as safe-haven flows intensified. The Fed's dot plot showed fewer rate cuts expected in 2025 than previously anticipated, but markets focused on the immediate easing. Technical indicators suggest DXY support at 106.00, with resistance now at 107.00. The dollar's weakness could extend if upcoming US inflation data shows further cooling, potentially opening the door for additional Fed easing in early 2025.
GBPUSD
USDCHF
DXY
Sentiment:
Negative
Source: Marketaux
Despite the Federal Reserve's rate cut, USD bears faced contained losses as EUR/USD struggled to break above 1.0550, currently trading at 1.0520 (+0.3%). The Dollar Index fell modestly to 106.40, finding support from hawkish Fed projections showing only two rate cuts expected in 2025. EUR/CHF remained stable at 0.9380, suggesting limited euro strength. Market positioning data shows speculators remain net-long USD, providing a cushion against deeper declines. Technical analysis reveals EUR/USD faces strong resistance at 1.0580 (50-day MA), while support sits at 1.0480. The relatively muted dollar reaction suggests markets had largely priced in the Fed's move, with focus shifting to ECB policy divergence. Traders should monitor upcoming Eurozone inflation data, which could determine whether EUR/USD can sustain gains above 1.0500.
EURUSD
EURCHF
DXY
Sentiment:
Neutral
Source: Marketaux
EUR/USD sentiment turned decisively bullish following the FOMC meeting, with the pair climbing 0.6% to 1.0540 as the Fed delivered its expected 25bp rate cut. Gold surged $25 to $2,675/oz, while silver jumped 2.8% to $31.20/oz, confirming broad USD weakness. The Nasdaq 100 futures gained 1.2%, reflecting risk-on sentiment that typically supports EUR/USD. Market participants are repositioning for a potential test of 1.0600 resistance, with momentum indicators turning positive. The Fed's acknowledgment of cooling inflation pressures contrasts with the ECB's cautious stance, potentially narrowing the policy divergence. Immediate support has formed at 1.0500, with a break above 1.0580 likely triggering additional buying toward the 1.0650 December high. Traders should watch Friday's Eurozone CPI data for confirmation of the bullish shift.
EURUSD
XAUUSD
XAGUSD
Sentiment:
Very Positive
Source: Marketaux
AUD/USD retreated 0.4% to 0.6380 in Asian trading, erasing Wednesday's Fed-inspired gains after Australian employment data disappointed. Australia added only 15.9K jobs in November, well below the 25K forecast, while the unemployment rate ticked up to 4.0% from 3.9%. The weak labor market data overshadowed the initial boost from the Fed's rate cut, which had pushed AUD/USD to 0.6420. Market participants now expect the Reserve Bank of Australia to consider rate cuts in early 2025, pressuring the Aussie dollar. Technical indicators show immediate support at 0.6350 (weekly low), with resistance at 0.6400. The diverging monetary policy outlook between the RBA and Fed could limit AUD/USD upside, despite broad USD weakness. Traders should monitor Chinese economic data for additional directional cues.
AUDUSD
Sentiment:
Negative
Source: Marketaux
USD/CHF trades near 0.8850 ahead of the Swiss National Bank's monetary policy decision, with markets expecting rates to remain at 0.00%. The franc has gained 0.2% against the dollar this week as traders position for a hawkish hold from the SNB. Despite recent disappointing Swiss inflation data showing CPI at 1.2% year-over-year, below the central bank's target, SNB officials have repeatedly stated that the threshold for implementing negative rates remains extremely high. This stance contrasts with other major central banks actively considering rate cuts, potentially supporting CHF strength. Technical indicators show USD/CHF testing support at 0.8845, with resistance at 0.8890. A break below current levels could accelerate franc gains toward 0.8800, while any surprise dovish tilt from the SNB could quickly reverse CHF strength and push the pair back above 0.8900.
USDCHF
EURCHF
Sentiment:
Negative
Source: Finnhub
The Federal Reserve's decision to cut interest rates by 25 basis points to a range of 3.50%-3.75% has triggered broad USD weakness across major currency pairs. EUR/USD gained 0.5% to 1.0920, while GBP/USD advanced 0.6% to 1.2780, as the dovish policy move weighed on dollar sentiment. The Fed's statement highlighted that economic activity has been expanding at a moderate pace, though job gains have slowed throughout the year with unemployment edging higher through September. USD/JPY fell 0.7% to 149.20, approaching key support at 149.00, while commodity currencies outperformed with AUD/USD jumping 0.8% to 0.6450. The rate cut marks a shift in Fed policy stance amid cooling labor market conditions. Technical indicators suggest further USD weakness possible, with DXY breaking below its 50-day moving average at 105.20. Traders await upcoming US economic data for confirmation of the Fed's dovish pivot.
EURUSD
GBPUSD
USDJPY
AUDUSD
Sentiment:
Very Negative
Source: Finnhub
US crude oil inventories declined by 1.812 million barrels, falling short of the expected 2.310 million drawdown, while gasoline stocks surged 6.397 million barrels, significantly exceeding the 2.764 million estimate. The mixed energy data has created volatility in commodity-linked currencies, with USDCAD trading near 1.4180 as oil prices remain under pressure. AUDUSD and NZDUSD showed limited reaction, holding near 0.6380 and 0.5820 respectively, as traders focus on broader dollar dynamics ahead of the Federal Reserve meeting. The larger-than-expected gasoline build suggests weaker demand conditions, potentially weighing on inflation expectations and supporting dovish Fed sentiment. Technical indicators show USDCAD facing resistance at 1.4200, while support emerges at 1.4150. Energy market dynamics remain crucial for commodity currencies, with further inventory builds likely to pressure CAD, AUD, and NZD against the greenback.
USDCAD
AUDUSD
NZDUSD
Sentiment:
Neutral
Source: Finnhub
Major USD pairs are trading in tight ranges as markets await the Federal Reserve's policy decision amid mixed signals from committee members. EURUSD hovers near 1.0520, while GBPUSD consolidates around 1.2730, with implied volatility rising ahead of the announcement. The divergence in Fed officials' views regarding 2026 monetary policy has created uncertainty, with markets pricing in a 70% probability of a 25 basis point cut this meeting. Asian currencies showed mixed performance, with USDJPY holding above 152.00 as traders weigh potential BoJ intervention risks. The dollar index (DXY) remains elevated near 106.50, supported by resilient US economic data but capped by rate cut expectations. Key resistance for EURUSD sits at 1.0550, while support emerges at 1.0500. Traders should expect heightened volatility post-Fed, particularly if the committee's dot plot reveals significant changes to the 2026 rate outlook.
EURUSD
GBPUSD
USDJPY
Sentiment:
Very Positive
Source: Marketaux
The US dollar index trades unchanged near 106.45 as forex markets adopt a cautious stance before the Federal Reserve's interest rate decision. EURUSD remains range-bound at 1.0525, while GBPUSD holds steady near 1.2735 amid pre-Fed positioning. Markets are pricing in a 25 basis point rate cut with focus shifting to forward guidance and the dot plot projections for 2025-2026. Oracle's upcoming earnings could influence tech sector sentiment, potentially affecting risk-sensitive currencies like AUDUSD (0.6385) and NZDUSD (0.5825). Asian session saw USDJPY consolidate near 152.20 as traders balance Fed expectations against BoJ policy divergence. Technical analysis shows EURUSD facing resistance at 1.0550 and support at 1.0500, with a breakout likely post-Fed. The combination of monetary policy uncertainty and corporate earnings creates a volatile environment for USD pairs through week-end.
EURUSD
GBPUSD
USDJPY
AUDUSD
NZDUSD
Sentiment:
Neutral
Source: Marketaux
The US Dollar Index has softened following the release of Q3 Employment Cost Index data showing a 0.8% quarterly increase, below the 0.9% consensus forecast. This miss suggests moderating wage pressures that could influence Federal Reserve policy decisions. Year-over-year compensation growth remained steady at 3.5% for both civilian and private-sector workers, with private wages specifically rising 3.6%. The data indicates inflation pressures from labor costs are cooling, as real wages improved only modestly by 0.6% annually. State and local government compensation increased 3.6% yearly, driven by a 3.8% rise in benefits. For forex traders, the weaker-than-expected wage growth reinforces expectations of a potential Fed pause or slower pace of rate adjustments in 2025. Major USD pairs are likely to see increased volatility as markets reassess the dollar's yield advantage, with EUR/USD and GBP/USD potentially testing recent resistance levels if dollar weakness persists.
EURUSD
GBPUSD
USDJPY
USDCHF
AUDUSD
USDCAD
NZDUSD
Sentiment:
Negative
Source: Finnhub
EURUSD has stabilized near 1.0520 after recent declines, with any sustainable recovery hinging on the Federal Reserve's confirmation of continued easing through 2026. The pair has found support at the 1.0500 psychological level, bouncing 0.15% from intraday lows as dollar bulls take profit ahead of the FOMC meeting. Current market pricing suggests three rate cuts in 2025, but uncertainty remains about the Fed's longer-term trajectory given persistent inflation concerns. The dollar index (DXY) consolidates near 106.50, with technical indicators suggesting overbought conditions. European economic data remains mixed, with German industrial production disappointing while French inflation holds steady. EURUSD faces immediate resistance at 1.0550, followed by the 50-day moving average at 1.0580. A hawkish Fed surprise could push the pair toward 1.0450, while validation of easing expectations might catalyze a recovery toward 1.0620.
EURUSD
Sentiment:
Neutral
Source: Marketaux
USDJPY has paused its recent advance, trading sideways near 152.20 as the Japanese yen demonstrates unexpected resilience despite the wide US-Japan rate differential. The pair retreated 0.2% from session highs of 152.45, with traders cautious about potential Bank of Japan intervention above the 152.50 level. Recent comments from BoJ officials suggest growing confidence in achieving sustainable 2% inflation, fueling speculation about policy normalization in early 2025. Meanwhile, the dollar's strength is being tested ahead of the Federal Reserve decision, with markets focused on the dot plot's implications for future rate cuts. Technical indicators show USDJPY facing strong resistance at 152.50-152.80, while support has formed at 151.50. The 14-day RSI at 68 suggests limited upside momentum without fresh catalysts. Traders should monitor Japanese wage data and Fed guidance for directional cues this week.
USDJPY
Sentiment:
Neutral
Source: Marketaux
The US Dollar Index (DXY) has retreated 0.2% to 106.45 as markets position for Wednesday's FOMC meeting, where a 25 basis point rate cut is widely expected with 95% probability according to Fed funds futures. This could mark Jerome Powell's final easing move before potential policy shifts under the incoming administration. Recent economic data shows US inflation remains sticky at 2.7% year-over-year, above the Fed's 2% target, while unemployment sits at 4.2%. USD/JPY has declined 0.4% to 151.20 as safe-haven flows favor the yen amid uncertainty. Technical indicators suggest DXY support at 106.00, with resistance at 107.00. Markets are particularly focused on the Fed's dot plot projections and Powell's forward guidance, as any hawkish tilt could reverse dollar weakness. Traders should monitor the 2pm ET rate decision and subsequent press conference for volatility triggers.
USDJPY
DXY
Sentiment:
Negative
Source: Marketaux
EUR/USD has consolidated near 1.0530, down 0.1% in early trading, as markets prepare for a potentially hawkish Federal Reserve rate cut. Despite expectations of a 25bp reduction, persistent US inflation at 2.7% and robust labor markets suggest the Fed may signal a pause in further easing. USD/CAD has climbed 0.3% to 1.4285, benefiting from dollar strength and softer oil prices, with WTI crude down 1.2% to $69.80. The Dollar Index (DXY) holds firm at 106.50, supported by rising US Treasury yields, with the 10-year reaching 4.42%. Key resistance for EUR/USD sits at 1.0600, while support has formed at 1.0500. USD/CAD faces resistance at 1.4320. Traders should prepare for elevated volatility during the FOMC announcement, particularly if Powell's tone diverges from market expectations of continued dovishness.
EURUSD
USDCAD
DXY
Sentiment:
Neutral
Source: Marketaux
GBP/USD has extended its rally to 1.2785, gaining 0.4% (50 pips) as sterling continues to outperform major peers. The pound's strength stems from expectations that the Bank of England will maintain higher rates for longer, with UK inflation still running at 4.2% annually. Technical momentum has accelerated after breaking above the 1.2750 resistance level, with the pair now testing the critical 1.2800 psychological barrier. The 14-day RSI at 68 suggests bullish momentum remains intact without reaching overbought territory. Daily trading volume has increased 25% above the 20-day average, confirming strong buyer interest. A decisive break above 1.2800 could open the path toward 1.2850 and potentially 1.2900. Support has formed at 1.2750 (previous resistance turned support) and 1.2700 (50-day moving average). Traders should watch for any dovish shifts from the BoE that could cap sterling gains.
GBPUSD
Sentiment:
Very Positive
Source: Marketaux
Major USD pairs are trading in tight ranges during the European session, with traders exercising caution ahead of today's pivotal central bank decisions. The Federal Reserve's FOMC meeting at 19:00 GMT is expected to deliver a 25 basis point rate cut, bringing the fed funds rate to 4.25-4.50%. Markets are pricing in a 95% probability of this cut, with focus shifting to Chair Powell's forward guidance and the updated dot plot projections. Earlier at 14:45 GMT, the Bank of Canada will announce its rate decision, with consensus expecting a 50bp cut to 3.25% amid slowing economic growth. USD/CAD hovers near 1.4250, while EUR/USD consolidates around 1.0530. The absence of European economic data has contributed to the subdued price action. Traders should expect increased volatility post-announcements, with potential breakouts from current ranges depending on the tone of central bank communications.
USDCAD
EURUSD
Sentiment:
Negative
Source: Finnhub
USD/RUB is experiencing downward pressure amid growing speculation of potential peace negotiations between Ukraine and Russia, with President Zelensky expected to respond to Trump's peace proposal on Wednesday. Oil prices have been declining partly due to peace hopes, as any agreement could include sanctions relief allowing Russian crude to flow more freely into global markets. While the probability of a successful deal remains low, the mere possibility of negotiations is weighing on the dollar against the ruble. Markets are positioning for potential sanctions relief that would strengthen Russia's currency and increase oil supply. Technical indicators suggest USD/RUB could test lower support levels if peace talks gain momentum. The situation remains highly fluid, with rapid developments possible given Trump's reported leverage over Ukraine regarding territorial concessions. Traders should monitor Wednesday's announcement closely for immediate market impact.
USDRUB
Sentiment:
Negative
Source: Finnhub
