Forex

With Federal Reserve Chair Jerome Powell’s testimony, US CPI data, and key corporate earnings due this week, the EUR/USD forecast remains cautiously bearish.

Friday's data showing strong wages growth and hot inflation expectations, and ongoing expectations of inflationary policies under Donald Trump, means the Fed is likely to remain on pause for a long time. Against this backdrop, the US dollar forecast remains bullish.

Key reversal in play for USD/CAD—Friday’s jobs reports could determine whether the Loonie’s comeback sticks.

As you’d expect, volatility has been contained ahead of NFP, but implied volatility has blown out. The 1-day IV for USD/JPY is nearly twice its 10-day average, with GBP/USD and EUR/USD around 50% more than usual.

Yen bulls are pressing the advantage, but with a messy US payrolls report looming, traders need to stay nimble.

A dovish BOE cut and bets that a BOJ hike could be much closer than expected saw GBP/JPY lead the way lower on Thursday. But price action across the board suggests it could be year of the yen.

FX investors are looking forward to the release of US nonfarm payrolls report, due tomorrow, which should impact the near-term dollar forecast.

NFP leading indicators point to a potentially above-expectation reading in Friday's jobs report - see what it might mean for the US Dollar!

The budding trade war and developments on the tariff front could well outweigh the modest historical seasonal tendencies in February for forex pairs like EUR/USD, GBP/USD, and USD/JPY.

FX pairs like the EUR/CAD may ease back further following yesterday’ decision by Trump to delay the tariffs on Canada. That decision means the near-term Canadian dollar forecast is no longer bearish, making the EUR/CAD an ideal pair to look for bearish setups on for CAD bulls. Meanwhile, USD/CAD is beginning to look rather interesting.

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.