United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
By Sagar Dua The euro-to-dollar exchange rate (EUR/USD) has secured gains over the course of the current month and is trading slightly above the 1.1750 level, remaining close to its highest levels in the past 11 weeks.
By Sagar Dua EUR/USD quotes are moving toward the 1.1633 target as the U.S. dollar strengthens following the release of U.S. labor market data. According to the latest figures, nonfarm payrolls increased by 64.0K in November, exceeding the forecast of 50.0K and reversing the previous decline of –105.0K. The data confirmed the effectiveness of the Federal Reserve’s actions aimed at easing borrowing conditions. However, a negative factor remains the rise in the unemployment rate from 4.4% to 4.6% in November, in line with expectations. If unemployment continues to increase, the regulator may be forced to act more decisively in terms of policy easing, which could put pressure on the U.S. currency. It is also worth noting that interest rate expectations point to the policy rate remaining unchanged at 3.75% at the January 28 meeting, with the probability of this scenario currently estimated at 75.6%, according to the CME Group FedWatch Tool. Additional support for the dollar came from retail sales data, which showed a 3.5% year-on-year increase in October after a 4.2% rise previously, beating analysts’ expectations of 2.7%.
By Sagar Dua During the Asian session, the NZD/USD pair continues its corrective move near the 0.5773 level, with bearish signals strengthening after the release of data from New Zealand.
By Sagar Dua EUR/USD. The European currency remains relatively stable in the EUR/USD pair, with the instrument consolidating near the 1.1740 level as market participants await fresh catalysts to define the next directional move.
By Sagar Dua The British pound is losing ground against the US dollar, with GBP/USD testing the 1.3400 level to the downside. At the same time, the pair remains close to its local highs recorded on October 17.
By Sagar Dua EUR/USD. The euro is gaining ground against the U.S. dollar, with EUR/USD testing the 1.1750 level. The pair is holding near its local highs from October 1 as market participants assess incoming macroeconomic data that could influence the tone of the European Central Bank’s policy meeting scheduled for December 18.
By Sagar Dua The USD/CAD pair shifted its long-term trend to the downside last week after breaking below the key support level at 1.3890, amid weakness in the US dollar following the Federal Reserve’s policy meeting.
By Sagar Dua Last week, the USD/CHF pair corrected sharply lower and tested the 0.7934 level (Murray level [2/8]), where it continues to trade after the release of the latest monetary policy decisions from the US Federal Reserve and the Swiss National Bank.
By Ihor During the morning session, the NZD/USD pair continues its corrective move, trading near the 0.5778 level. Negative sentiment toward the New Zealand dollar has strengthened after expectations of monetary tightening next year weakened. This view was confirmed by Reserve Bank of New Zealand Governor Anna Breman, who noted in the post-meeting statement that there is scope for another small interest-rate cut in early 2026.
By Sagar Dua The Australian dollar is gaining ground against the US dollar, offsetting the corrective bearish impulse seen over the past two sessions. The AUD/USD pair is testing the 0.6640 level to the upside as market participants assess incoming macroeconomic data from China.
By Sagar Dua EUR/USD. The European currency is showing mixed performance against the US dollar, consolidating near the 1.1730 level. Market activity remains relatively subdued as investors await the release of key US labor market data for November, scheduled for tomorrow at 15:30 (GMT+2).
By Sagar Dua The US dollar is losing ground against the Japanese yen, with the USD/JPY pair testing the 155.15 level to the downside. However, investors remain cautious and are refraining from opening new positions ahead of the key US Department of Labor report for November, scheduled for release tomorrow at 15:30 (GMT+2). October data was not published at all, while the upcoming figures are delayed due to the impact of the government shutdown.
Stronger-than-expected labor market data could force markets to reassess expectations regarding future easing by the Federal Reserve, while weaker numbers may prompt the regulator to revise its interest rate outlook, which currently implies only one rate cut in 2026. Investors, however, are pricing in two rate adjustments, with the final outcome largely dependent on labor market conditions and leadership changes at the Fed. Jerome Powell’s second four-year term as Fed Chair expires in May 2026, and one of the leading candidates to succeed him is White House economic adviser Kevin Hassett. According to Bloomberg, Hassett shares President Donald Trump’s economic views and supports the continuation of a dovish Federal Reserve policy stance.
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.
