Forex news

China wasted no time retaliating against fresh US tariffs, slapping duties on crude oil, LNG, and farm equipment while launching a probe into Google. USD/CNH is holding up for now, but will key resistance levels crack when the PBOC steps in post-Lunar New Year?

Canada’s last-minute tariff deal sent USD/CAD on a wild ride, reversing a 22-year low for the Loonie. With a shooting star candle and momentum turning, is a near-term top in place—or just another pause before the next leg higher?

You’ll be forgiven for not realising that economic data was released on Monday, amid the influx of trade war headlines. But if US growth estimates and manufacturing are anything to go by, we’re in for another hot ISM services print later this week.

Although the pound has fallen along with other major currencies, it may be able to regain its poise with Trump suggesting that a deal "can be worked out" with the UK. This means the risks to the GBP/USD forecast are less pronounced than the likes of the Canadian dollar or the euro.

EURUSD, Gold Forecast: As Trump tariff risks involving Canada, Mexico, China, and the EU return to the headlines, the US Dollar Index (DXY) surged on inflation momentum, while global markets plunged. However, safe-haven assets may remain resilient.

Some bullish fingers have likely been burned at this week's open, given the relatively bullish positioning on S&P 500 futures alongside short bets against the VIX rising to a 6-month high last week.

Trump's tariff escalation has sparked fresh volatility across major currency pairs, pushing the US dollar to new heights. EUR/USD, USD/CAD, and USD/CNH are now at key technical levels, with traders bracing for potential breakouts or bounces. Here's what you need to know.

USD/JPY’s bullish run is under threat as key technical levels crumble, with momentum indicators flashing warning signs. As markets brace for major data releases from both the US and Japan, could the next catalyst tip the scales toward a decisive break?

Central banks are pulling back on rate cut signals, with the Fed, BoC, and Riksbank all hitting pause. With markets betting on aggressive ECB easing, could traders be caught offside if the script changes?

USDJPY, Gold Forecast: The USDJPY pair braces for heightened volatility between Wednesday’s FOMC meeting and Friday’s Tokyo CPI release, while gold maintains its haven drive near record highs amid persistent inflation and trade war risks.

Cooling inflation pressures have reignited speculation of an RBA rate cut, marking a potential shift in Australia’s monetary policy landscape. AUD/USD tests key support as ASX 200 SPI futures eye record highs.

The RBNZ has slashed rates aggressively, but markets still think there’s more to come. With the central bank’s neutral rate estimate sitting well below current levels, cuts look set to continue in 2025. But rate differentials aren’t driving NZD/USD moves. A deeper look reveals a clear culprit.

Wednesday’s inflation figures are the standout event for RBA watchers, as it could decide whether the RBA pull the trigger and cut rates in February. But if they fail to confirm the dovish excitement generated from the monthly report, AUD/USD runs the risk of a short-covering rally.

This will be the first formal FOMC meeting of President Donald Trump’s second term - what you need to know!

The US dollar forecast remains modestly bullish in our view, because of Trump’s inflationary policies. The fact that it has weakened a little in recent days is more of a reflection of the relief rally that some currencies like the euro have enjoyed.

Is the US dollar’s reign nearing its end? EUR/USD breaks higher while USD/JPY flirts with a key uptrend following the BoJ’s hawkish hike. A shift could be underway—are you ready?