EUR USD

EUR/USD and AUD/USD are heading into their strongest month, hinting at rally potential after November drops.

EUR/USD falls amid French political uncertainty, FTSE inches higher after strong Chinese manufacturing data, but UK data disappoints.

We will maintain our bearish EUR/USD forecast for the time being. This pair remains rooted in a bear trend, not just because of the threats of tariffs in 2025, but more so because of weakness in the eurozone economy and therefore the potential for more ECB rate cuts than from the Fed in the US, where even a December rate cut is not fully priced in, let alone cuts in 2025, after Trump’s election victory.

French political drama is generating noise again, but don’t be fooled; it's the relative outlook for growth and inflation either side of the Atlantic that’s really moving EUR/USD. With the ECB ready to step in, perpetual French chaos is just a sideshow for the euro.

EURUSD, Nasdaq Forecast: Eurozone inflation data is in focus as EURUSD hovers near two-year lows. Meanwhile, irregular market volatility surrounding Thanksgiving, Christmas, and New Year is poised to dominate headlines, alongside key US economic data and Federal Reserve rate expectations in early December.

USD/JPY bears have gone to work over the past two weeks, holding a lower-high even as USD spiked last Friday. And then forcing a breakdown from the descending triangle formation to test below the 151.95 level.

The recovery in EUR/USD may turn out to be temporary if it struggles to trade back above the former-support zone around the April low (1.0601).

EUR/USD rises cautiously ahead of German GFK data & post-Fed minutes. USD/JPY falls to a 3-week low ahead of US core PCE data.

The Euro continued it’s Q4 descent against the US Dollar but it’s the recent build of bearish price action in EUR/JPY that’s of interest going into next week.

Euro is poised to mark a third weekly decline with the push towards parity now testing downtrend support. Battle lines drawn on the EUR/USD weekly technical chart.

Against a backdrop of weakening economic data, looming tariffs from the US in 2025 and a struggling Chinese economy (bad for Eurozone exports), the euro outlook remains negative, putting pairs such as the EUR/USD and EUR/JPY into focus – the latter having just formed a bearish technical signal.

EURUSD and Nasdaq Outlook: As the DXY edges closer to breaking 2023 highs, bearish risks loom large for EURUSD. Meanwhile, NVDIA earnings are boosting long-term bullish potential for the Nasdaq following the Trump rally.

Welcome to Friday! Bitcoin inches closer to $100K, with spot and futures markets hitting record highs. Gold breaks above its 50DMA, bolstering bullish picture, while crude oil builds momentum despite lighter volumes. ASX 200 futures remain a buy-on-dips play, edging closer to record highs. EUR/USD stays under pressure, hitting fresh 2024 lows.

EUR/USD struggles below 1.0550 as headwinds mount. Oil rises amid escalating geopolitical tensions.

While headlines were fixated on Nvidia and the origin of missiles, the real story for EUR/USD and GBP/USD on Wednesday was US yield movements, driving the latest twists in forex markets.

The USD index defied the 3-day retracement that dared to defy its bullish trend and now appears on the cusp of a breakout. While this could signify EUR/USD dropping below 105, it may also equate to a bullish breakout on USD/JPY.

EURUSD, Gold Analysis: In the FX markets, the dollar's pullback from the 107 mark continues to support positive rebounds across currencies. Meanwhile, in the precious metals market, geopolitical tensions and the dollar's cooling momentum have enabled gold to recover from steep post-election drops.