News & Analysis

Weak GDP figures saw interest rates traders fully price in three 25bp RBA cuts by Feb 2026. And AUD/USD could have traded much lower on Wednesday, were it not for a stronger yuan coming to the Aussies rescue later in the day.

Gold prices are trading just 5% off the record high with the December range taking shape above uptrend support. Battle lines drawn on the XAU/USD weekly technical chart.

USD/JPY may stage a large recovery over the remainder of the week as it snaps the recent series of lower highs and lows.

Silver prices have put in a strong bounce this week following last Friday’s hold of higher-low support at a key spot on the chart.

How a shift in trade policy, the extension of tax cuts, the appointment of Scott Bessent as Treasury Secretary, and potential threats to Federal Reserve independence could pave the way for a weaker greenback under Trump.

The opening range for December is in focus for EUR/USD as it appears to be stuck in a narrow range.

USD/CAD put in a massive spike last week after a threat of 25% tariffs on Canada, but when that move pulled back buyers continued to hold support at the key level of 1.4000.

U.S. stocks are pushing higher, with the NASDAQ 100 and the S&P 500 adding to yesterday’s record-high close ahead of comments from Federal Reserve Chair Jerome Powell. Investors are brushing off geopolitical risks, and attention is on a slew of US economic data; ADP payrolls were weaker than forecast, and ISM services PMI, as well as factory orders, are due to be released shortly. The data, along with Fed Chair Powell could give further insight into the future path for rates.

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.