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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 EUR/USD pair may rise toward 1.1725 and higher as investor appetite for risk assets strengthens, while gold prices have fallen by 3.36% since the start of the week and the U.S. dollar has declined by 0.3%. Market optimism is supported by expectations of easing U.S.–China trade tensions: yesterday, officials from China and U.S. Treasury Secretary Scott Bessent announced that both sides had reached a basic consensus, and President Donald Trump said that the first agreements could be signed as early as Thursday.
The AUD/USD pair is trading around 0.6565 amid expectations surrounding the upcoming meeting between Donald Trump and Xi Jinping in South Korea later this week, where the two leaders are expected to reach new agreements and potentially sign a deal.
EUR/USD. The euro is strengthening against the U.S. dollar, holding near 1.1665 as investors and forex traders refrain from opening new positions ahead of the U.S. Federal Reserve and European Central Bank meetings scheduled for Wednesday at 20:00 (GMT+2) and Thursday at 15:15 (GMT+2), respectively.
During the morning session, the USD/CAD pair remains near 1.3990 as investors refrain from opening new positions ahead of the upcoming monetary policy meetings of the Bank of Canada and the U.S. Federal Reserve, scheduled for tomorrow at 15:45 (GMT+2) and 20:00 (GMT+2), respectively. Both regulators are expected to cut interest rates by 25 basis points — to 2.25% in Canada and 4.00% in the U.S. Traders will focus on policymakers’ comments regarding future actions: U.S. officials may lower borrowing costs once more by year-end, while their Canadian counterparts are likely nearing the end of their easing cycle.
The British pound is gaining strength against the U.S. dollar, extending a modest bullish momentum formed earlier. The GBP/USD pair is testing the 1.3360 level for a potential breakout, while traders await fresh market catalysts.
The USD/CHF pair trades around 0.7966, showing readiness for a potential decline as the Swiss franc maintains its stability amid persistent safe-haven demand.
The USD/CAD pair is correcting around 1.3991, maintaining a generally stable trend amid positive macroeconomic data from Canada.
The U.S. dollar continues to strengthen against the Japanese yen, extending its bullish trend in the short term and trading near local February highs. The greenback remains in high demand even though most analysts expect the Federal Reserve to cut interest rates at Wednesday’s meeting. Moreover, following last week’s inflation data, the likelihood of more aggressive monetary easing—either this month or in December—has increased. However, the regulator currently lacks updated labor market data due to the ongoing government shutdown.
EUR/USD. The euro shows mixed performance against the U.S. dollar, testing the 1.1620 level for a downward breakout as traders remain cautious ahead of the release of Germany’s October IFO business climate data at 11:00 (GMT+2).
The Australian dollar is gaining value against the U.S. dollar, testing the 0.6530 level for an upward breakout, while overall market activity remains restrained as traders await new movement drivers.
United States. The U.S. dollar weakens against the euro and the pound while showing mixed performance against the yen.
The AUD/USD pair trades below the resistance level of 0.6535, preparing to extend its downside movement toward the 0.6420 support level amid heightened geopolitical tensions.
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.