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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.

It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.

The update to the US PCE index is anticipated to show a rise in both the headline and core reading.

Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.

Crude Oil Week Ahead: Crude oil’s 4-year support level has amplified its importance as supply disruption risks rise again amid the Russia-Ukraine conflict. Meanwhile, OPEC’s upcoming meeting on Sunday could reshape production quotas and influence market dynamics.

USD/CAD tested above a major level last week of 1.4000, which hadn’t traded in more than four years. So far this week sellers have sunk price back below that level, but can they hold it into week and month-end?

The Fed is seen as nearly 50/50 to cut interest rates again in December after Donald Trump and the Republicans secured a “Red Wave” last week - see what to expect from US CPI!

The update to the US CPI is anticipated to show the headline reading widening to 2.6% in October from 2.4% per annum the month prior.

USD/CAD still holds below the monthly high (1.3959) as the Federal Reserve delivers a dovish rate-cut.

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.

The Federal Reserve is expected to deliver a 25bp rate cut in November.

Markets are making big moves on the back of Trump’s win and if House results confirm a Republican supermajority, there could be drive for even further highs in stocks and Bitcoin. The US Dollar, however…

USD/JPY appears to be reversing ahead of the October high (153.88) as the Federal Reserve is anticipated to deliver a 25bp rate-cut following the US election.

The US Dollar is pulling back on election day and the currency is no longer overbought on the daily chart. In this webinar I looked at several election-related setups and in this article I look at a few of those in USD, EUR/USD, USD/JPY and USD/CAD.

USD/CAD appears to be reversing ahead of the 2022 high (1.3978) as the Relative Strength Index (RSI) falls back from overbought territory.