Forex Market News

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.

See a technical preview of our full 2025 AUD/USD Outlook report!

See a fundamental preview of our full 2025 AUD/USD Outlook report!

See a technical preview of our full 2025 EUR/USD Outlook report!

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.

NZD/USD has been as flightless as its namesake in 2024, but with a hawkish Fed rate cut expected and signs of life at home, could the Kiwi finally be ready to spread its wings?

Investors are eagerly anticipating what could be the final hurrah for volatility in 2024, with the Federal Reserve, Bank of Japan, as well as the BoE, all poised to reveal their rate decisions and provide outlook for the upcoming year. The GBP/USD forecast remains bearish.

Not only are traders increasingly long the US dollar, they are also piling into short EUR/USD bets. And that could pave the way for a sub-parity euro next year.