David Song

EUR/USD starts to carve a series of lower highs and lows as it slips to a fresh weekly low (1.0360).

GBP/USD holds below the 50-Day SMA (1.2511) after failing to test the monthly high (1.2576).

USD/CHF seems to be defending the rally following the Federal Reserve interest rate decision as it trades near the weekly high (0.9095).

The price of gold trades to a fresh record high ($2799) following the limited reaction to the Federal Reserve interest rate decision.

EUR/USD trades near the weekly low (1.0382) ahead of the European Central Bank (ECB) meeting as the Federal Reserve keeps the US benchmark interest rate at 4.25% to 4.50%.

USD/CAD seems to be unfazed by the Bank of Canada (BoC) rate cut as it consolidates ahead of the Federal Reserve interest rate decision.

AUD/USD holds below the 50-Day SMA (0.6327) as it extends the decline from the start of the week.

The Federal Reserve rate decision may sway the near-term outlook for USD/JPY as the central bank is expected to keep US interest rates on hold.

USD/JPY carves lower highs and lows ahead of the Bank of Japan (BoJ) interest rate decision as it slips to a fresh monthly low (154.78).

USD/CAD spikes to a fresh monthly high (1.4517) as US President Donald Trump plans to impose a 25% tariff on Canadian goods starting February 1.

The price of gold snaps a three-day rally to hold below the December high ($2726) ahead of the inauguration of US President Donald Trump.

GBP/USD continues to pullback from the weekly high (1.2307) as the UK Retail Sales report shows an unexpected 0.3% decline in December.

AUD/USD no longer carves a series of higher highs and lows as it struggles to push above the weekly high (0.6247).

USD/CHF seems to be unfazed by the weaker-than-expected US Retail Sales report as it holds above the weekly low (0.9079).

GBP/USD carves a series of higher highs and lows following the failed attempt to test the November 2023 low (1.2096).

USD/CAD may threaten the positive slope in the 50-Day SMA (1.4175) if it fails to defend the monthly low (1.4280).

The recovery in the price of gold seems to have stalled ahead of the December high ($2726) as it no longer carves a series of higher highs and lows.