Forex Market

USD/CAD is bouncing off its lows after Canadian PM Trudeau resigned, triggering a leadership race and likely early federal election.

The dollar is now going to be more headline- driven and potentially boost the appeal of safe haven yen. For now, it may be too early to have a bearish USD/JPY forecast, especially ahead of this week’s key data highlights. But we could see the USD/JPY drift back lower in the days ahead anyway, as the focus turns to data and monetary policy.

Chinese consumer confidence is weak, domestic consumption remains muted, and unemployment among youth has surged, raising concerns about unrest and long-term stagnation.

Divergent monetary policies between the ECB and BOJ alongside trade wars and demand for safety could make things tricky for EUR/JPY bulls in 2025.

The trend is your friend, but in this case, I am going against that notion to provide a short fundamental idea on the rallying USD/JPY for 2025. That doesn’t mean you need to step in right away, but only once the appropriate bearish pattern emerges and we have a confirmation of a top.

Gold’s relentless 2024 rally has defied strong dollar headwinds and rising yields, smashing records and flipping traditional relationships on their head. Is it still a safe haven, or has the game changed for good?

Despite the RBA remaining hawkish for much of the year, the AUD/USD got toasted nevertheless.

USD/JPY enters 2025 at a crossroads. Rising US yields, hawkish Fed pivot, and expansionary fiscal policies could fuel more dollar strength, but BoJ moves and carry trade vulnerabilities may keep yen downside in check. The year ahead promises to be an eventful one.

USD/JPY enters 2025 at a crossroads. Rising US yields, hawkish Fed pivot, and expansionary fiscal policies could fuel more dollar strength, but BoJ moves and carry trade vulnerabilities may keep yen downside in check. The year ahead promises to be an eventful one.

Assuming no curveballs from the BOE today, GBP/JPY shows the potential for a breakout for bulls ahead of the weekend.

New Zealand’s economy is in freefall, with a deep recession and dire GDP data sparking bets on aggressive RBNZ rate cuts. Add a hawkish Fed twist, and NZD/USD has plunged to two-year lows. Could .5515 be the next stop?

AUD/USD plunged alongside Wall Street indices following the Fed's last meeting of the year. And if Santa’s rally is to kick in at all this year, it could be to pick up some of the crumbs left during yesterday’s volatile selloff.

Commodity currencies are dancing to the tune of Chinese bond yields, with AUD/USD, USD/CAD, and NZD/USD locked in striking correlations. The Fed’s dot plot may stir the pot later today, but China’s yield curve rollercoaster isn’t slowing down anytime soon.

EUR/USD has carved out a narrow range between 1.0470 and 1.0600 and unless the Fed delivers a meaningful surprise of some sort, that range may carry over.

The USD has remained supported on expectations of a considerably-less dovish Fed. But with 'Fed day' generally being bearish for the dollar alongside its tendency to selloff into the year end, I have an inkling we're heading towards a "buy the rumour, sell the fact" for the USD.