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United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
The AUD/USD pair is correcting within an uptrend near 0.6667, supported by renewed weakness in the US dollar.
The GBP/USD pair is gaining ground, consolidating near the early-October local highs and testing the 1.3484 level for an upside breakout. Market activity remains subdued as many investors gradually head into the Christmas holiday period. Still, volatility has been relatively elevated at the start of the week after key macroeconomic data was released in the UK. In particular, investors and FX traders noted that the UK economy maintained its prior growth pace of 0.1% quarter-on-quarter and 1.3% year-on-year in Q3. However, momentum could slow as early as Q4 as conditions across global trading venues deteriorate. For example, UK manufacturers are facing high import tariffs not only from the US but also from the EU.
The euro is gaining ground against the US dollar, extending the bullish momentum formed a day earlier. The EUR/USD pair is testing the 1.1775 level on a potential upside breakout, supported by expectations that the European Central Bank (ECB) is unlikely to ease monetary policy in the near term. At its meeting завершившемся last Thursday, the regulator left the key interest rate unchanged at 2.15%. At the same time, the ECB revised most of its forecasts upward: economic growth is now expected at 1.4% this year, to slow to 1.2% in 2026, and then reaccelerate to 1.4% in 2027. Inflation projections stand at 2.1%, 1.9% and 1.8% respectively, while core inflation excluding energy and food is seen at 2.4% in 2025 and 2.2% in 2026. These improved outlooks have provided modest support to the euro, although downside risks remain elevated amid concerns over global competition and protectionist policies, particularly from the United States.
United States of America The US dollar is losing ground against its main competitors — the euro, the pound sterling, and the yen.
The EUR/GBP pair finished Friday near 0.8755, slipping 0.06% after a volatile close to the week. Sterling initially found support following the Bank of England’s 25-basis-point rate cut, but that strength faded as investors reassessed the broader message behind the decision.
HSBC outlines a clear medium-term outlook: the bank expects the Australian dollar to outperform in 2026, with the GBP/AUD exchange rate potentially declining toward the 1.90 level by the end of the year.
During the Asian session, the USD/CAD pair is correcting around 1.3785 amid weak macroeconomic data from Canada.
The USD/JPY pair is trading within a long-term upward trend, forming a corresponding ascending channel. Last week, prices reached two-month highs near 157.75 following the outcome of the Bank of Japan’s policy meeting.
EUR/USD. The European currency remains relatively stable against the US dollar, correcting near the 1.1726 level, as investors refrain from opening new positions ahead of the start of the Christmas holiday period.
The US dollar is strengthening against the euro, the British pound, and the Japanese yen.
The euro–US dollar exchange rate (EUR/USD) briefly climbed toward the 1.18 area on Tuesday before retreating to around 1.1720 on Wednesday. The pullback was largely driven by short-covering activity in the market.
The USD/CHF pair is trading in a corrective trend near the 0.7950 level, preparing for a potential continuation of the decline amid stabilisation in the Swiss franc.
Forex analysis helps traders figure out where a currency pair might move next and guides their trading decisions. It’s a daily tool for planning entries and exits, based on two main approaches. Fundamental analysis looks at the broader economy: growth, inflation, and especially central bank policy on interest rates. Technical analysis studies past price movements, chart patterns, and signals that tend to repeat over time. Together, these methods give traders a clearer picture of the market and improve decision-making.