DXY

GBPUSD Forecast: the pound’s drop against the dollar’s rally was cushioned at the 1.2480 low, further supported by rate hold expectations given the inflationary risks of UK’s new labor law. However, today’s contracting GDP reading at -0.1% reflects growth concerns and adds complexities to next week’s BOE decision.

It’s been a strong Q4 for the US Dollar and the currency continues to test a big spot of longer-term resistance. But will the Fed usher in another massive USD rally in 2025?

US Dollar rebounded off trend support early in the month with the bulls in a holding pattern ahead of the Fed. Battle lines drawn on the DXY weekly technical chart.

EURUSD, DXY Forecast: the final reports for the economic calendar’s major events, including the US CPI and FOMC meeting, are due between today and next Wednesday, setting 2024’s final volatility wave ahead of the holidays and 2025’s narrative.

A rebound off trend support keeps the focus on a breakout of the weekly range heading into NFPs on Friday. Battle lines drawn on the DXY short-term technical charts.

EURUSD, Dow Forecast: The EURUSD maintains its rebound above the key 1.0333 level, while the Dow pauses near record highs above 45,000, and the DXY holds steady at critical support ahead of Friday's NFP.

While it is well documented that the USD tends to suffer in December, the dynamics of Trump at the helm alongside another important FOMC meeting could give seasonality a run for its money. But regardless of which way the dollar travels this month, there is a clear intra-month pattern that is worth factoring in to the equation.

GBP/USD held steady on Friday but is on track for its largest weekly rise since mid-September as the US dollar gave back some of its Trump victory gains.

The post-election rally has extended more than 2.7% off the monthly low with USD now testing major resistance. Battle lines drawn on the DXY short-term technical charts.

As the US dollar surges, EUR/USD sinks to multi-year lows while USD/JPY bulls regain control. We look at key levels to watch and how shifting Fed expectations are dominating forex markets.

EURUSD, Bitcoin Forecast: With Republicans in the lead, the dollar’s bull run and growing speculation around a deregulated crypto market are pushing Bitcoin toward the 100,000-checkpoint while pressuring EURUSD to 7-month lows.

While one can argue the greenback has made a short-term peak, the overall dollar forecast remains positive, especially against currencies subject to increased tariff risks from Trump’s administration.

Nasdaq, EURUSD Analysis: the DXY lost its steam following the Fed’s 25 bps rate cut, coming after the stretched momentum of the Election results. This shift is raising questions about the continuation of the bull trend for both Nasdaq and EURUSD.

US Dollar surged nearly 5.3% off the yearly low with the Trump election rally failing at major resistance. Battle lines drawn on the weekly technical chart into the Fed.

US Dollar rally reversed off trend resistance yesterday leaving the DXY vulnerable into the close of the week. Battle lines drawn on the USD short-term technical charts.

US Dollar surged more than 4.4% off the yearly lows with a four-week rally now approaching trend resistance. Battle lines drawn on the DXY weekly technical chart.

Whether it reflects US economic exceptionalism reducing the need for large-scale rate cuts from the Federal Reserve or improved prospects for Donald Trump winning the US Presidential election, or a combination of both, it’s obvious the US interest rate outlook is dictating direction across FX markets. With short-dated Treasury futures teetering above a key technical level, what happens next could be highly influential.